Motivation Analysis Test
by Motivation is the reason for people’s actions, willingness and goals. Motivation is derived from the word motive which is defined as a need that requires …
Tag: NOTES
Consideration in Designing Effective Training Programs: Selecting and Preparing the Training Site, Selecting Trainers
The five principles (Merrill, 2013): Problem-centered. Learning is promoted when learners acquire skill in the context of real-world problems. Activation. Learning is promoted when learners activate …
Trading Account
Trading Account Trading accounting is the first step of final account. The main objective of preparing trading account is to find out gross profit earned …
Preparations of Final Accounts
Final account is the combination of income statement and balance sheet. The final account is prepared at the end of every year which may be …
Balance Sheet
The balance sheet is one of the three fundamental financial statements and is key to both financial modeling and accounting. The balance sheet displays the …
Profit and Loss Account
The account through which annual net profit or loss of a business is ascertained, is called profit and loss account. Gross profit or loss of …
Operating Costing
Operating (Operational) costs are the expenses which are related to the operation of a business, or to the operation of a device, component, piece of …
Over and Under Absorption
Usually overheads are absorbed on the basis of predetermined rates. Since predetermined overhead rates are based on budgeted overheads and budgeted production, invariably the overheads …
Setting of Reorder Level, Maximum Level, Minimum Level
Formulas: (i) Maximum Level of Stock = (Reorder Level + Reorder Quantity) – (Minimum rate of consumption x Minimum reorder period) Maximum Level may be …
Economic Order Quantity (EOQ)
Economic order quantity (EOQ) is the ideal order quantity a company should purchase for its inventory given a set cost of production, demand rate and …