Accounting Cycles
by Accounting cycle is a step-by-step process of recording, classification and summarization of economic transactions of a business. It generates useful financial information in the form …
Tag: FINANCE
Principles and Standards
Economic Entity Assumption The accountant keeps all of the business transactions of a sole proprietorship separate from the business owner’s personal transactions. For legal purposes, a sole proprietorship and its owner …
Uniform Costing
To meet the specific requirements of different industries, different types of costing principles and practices are used. But to compare the achievements, costs, targets, profitability …
Marginal Costing
Marginal costing is a principle whereby variable costs are charged to cost units and the fixed costs attributable to the relevant period is written off …
Fixed and Flexible Budgets
Fixed Budget This budget is drawn for one level of activity and one set of conditions. It has been defined as a budget which is …
Conducting Feasibility Studies, Marketing, Technical, Finance, HR etc
Perhaps the most crucial problem you will face after expressing an interest in starting a new business or capitalizing on an apparent opportunity in your …
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