Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Definition of accounting
Accounting is the procedure of recognizing measuring and communicating economic information to allow informed judgments and decisions by the user’s information.
It is therefore anxious with providing information which will help decision makers in making fine decisions.
To understand accounting one should understand:• The attributes of fine information • Procedure of measuring and communicating information • The decision making procedure• Users of information
Users of information
The users of information can be sub-divided into two groups:
1) Internal users who are parties in the organization e.g. the management or the staff.
2) External users who on the other hand, are parties outside the organization e.g. the shareholder, creditors, government, customers, etc.
Significance points of Variance The following significant points must be kept in mind: Controllability: Controllability should also influence the decision whether t
Linear Programming This section introduces the general method called the simplex algorithm, which is designed to solve any linear program. The information that can be secured
DOMINANCE Dominance strategy is useful for reducing the size of the payoff table. Rules of Dominance: 1) If all the elements in a column are greater than or equal to the
Importance of a budget A Budget is a plan expressed in monetary terms. It is prepared prior to the budget period and may show income, expenses and the capital to be used i.e. a
After determining the amount of working capital as in above, a specific amount say 5 percent or 10 percent may be added to cover contingencies. This is to be noted that facts depen
Determine the cost according to normality According to normality: under this category cost may be categorized as follows: Normal cost: it is the cost which is normally i
discuss the applicability of an operating cycle in vegetable growing in a low developed country like Uganda- Africa
A firm wants to buy a new machine and the following quotation has been received. Cost of machine US$100 000 Freight and insurance US$5 000 The new machine will last for five
Explain Sales budget A sales budget is an estimate of expected sale during a budget period. A sales budget is known as a nerve center or backbone of the enterprise. The degree
You recently began a job as an accounting intern at Indoor Racing Ltd. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd