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ABC Analysis:
ABC that is Always Better Control analysis is an application of the principle of 'Management by Exception' to the field of inventory control. If we seem at the inventory mix of a firm, this would constitute of hundreds of items. Mainly of these items would be cheap and the frequency of their utilization would be less. The left items would be costly, more frequently employed and account for huge proportion of firm's investment in inventories.
This would be a costly and cumbersome act to adopt a general policy and determination of economic order quantity and reorder point for management of each that item of inventory. In such technique all the items of inventory are categorized in three categories that are: A, B and C depends on the usage rate, rupee value and criticality of the item.
Illustration of consolidated balance sheet H Ltd owned S Ltd since the date of incorporation of S Ltd. The balance sheets of the two companies as at 31 December 20X2 is as fo
Q. What do you mean by suspense account? How are errors in accounting classified? Suspense account: A suspense account is an account, which is opened when the trail balance does
Did ford realize any gain or loss from securty sales during 2009?
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An annuity is explained as stream of uniform duration cash flows. The payment of life insurance premium through the policyholder to the insurance company is an illustration of an a
Looking for Income Statement and Balance Sheet for the Better USA, Inc. company for 2010 and 2011 Facts: Sales 11,573 (2010) and 12,936 (2011) - Depreciation 1,661 and 1,736 - Cost
what is cum interest
Q. A prior period adjustment that corrects income of a prior period requires that an entry be made to a. an income statement account. b. a current year revenue or expense account.
Contribution and indemnity Generally the trustees are jointly and severally liable to the beneficiaries and a trustee sued may claim contribution from the others where although
On May 2, 1986, Hannah acquired residential real estate for $450,000. Of the cost, $100,000 was allocated to the land and $350,000 to the building. On January 20, 2013, the buildin
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