- Cost Accounting
What is Process costing? Pros and Cons of process costing
The process is a series of stages that must be followed in order to finish a given task. The method of preserving cost records for each procedure is referred to
- Financial Accounting Concepts
ECO-14 Accountancy II – Solved IGNOU Assignment
Assignment Code: ECO-14/TMA/2021-22 What are the different types of branches? Explain various methods of keeping branch accounts in the books of the Head Office
- Corporate Accounting
Differences Between Rights and Bonus Issues of Shares
Rights Issue A rights issue grants existing shareholders the option to purchase more company shares, typically at a discount to the market price (how much they
- Cost Accounting
What is ABC analysis? Benefits and Drawbacks of ABC Analysis
ABC analysis is a method for classifying materials based on the quantity consumed and their relative values. This method helps businesses prioritize their inven
- Financial Accounting Concepts
What is an Income Statement? Components and Elements
An income statement is a financial statement that shows a company’s revenues and expenses for a specific period of time. The Income Statement analyses the
- Financial Accounting Concepts
What is the Statement of Retained Earnings?
Statement of Retained Earnings The Statement of Retained Earnings reconciles the Retained Earnings account from the beginning to the finish of the fiscal year.
- Financial Accounting Concepts
Some Basic Accounting Questions You Should Be Aware of
General Accounting Concepts If you are an accounting student, these questions must be helpful in ensuring that you know basic accounting concepts. 1. In busines
- Financial Management
What is a Bond? Why are they issued?
Bond A bond is a lending agreement, known as a debenture, which outlines the terms and circumstances of the borrowing. At a minimum, the debenture specifies the
- Cost Accounting
What are Flexible Budget and Flexible Budget Variance?
A budget is a future-oriented strategy. Therefore, budgets are planning tools, and they are often produced prior to the beginning of the budgeted period. Howeve
- Cost Accounting
What are the Fixed Costs in Management Accounting?
Meaning of Fixed Costs Fixed costs are expenses that remain constant regardless of changes in sales or production levels. This is due to the fact that they are