Accounting
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Top 7 Famous Celebrity Accountants in the World
History tells that the first real book on accounting concepts came from Luca Pacioli, a Franciscan scholar from the Columbus…
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Functions of Cash Budget in an Organization
The cash budget is an estimate of cash receipt and disbursements for a future period of time. A cash budget…
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Different Components of a Master Budget
Most business organizations are too large to permit the detailed planning of the entire business in one budget. It, therefore,…
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Different Types of Budgets in Finance and Accounting
Budgets can be classified on the basis of functions involved, according to the time, according to the nature of transactions…
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7 Scope And Areas for Cost Reduction in a Manufacturing Company
The strategic areas for a Cost reduction programme may be manifold. The following are a few examples of critical areas…
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Difference Between Cost Control and Cost Reduction
The basic and primary objective of cost accounting system is cost control ultimately leading to cost reduction. It is commonsense…
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6 Most Used Techniques of Inventory Control in Cost Accounting
An efficient system of inventory control involves a number of steps. They are as follows: (1) Deciding the maximum-minimum Limits…
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6 Important Techniques of Cost Reduction in Manufacturing Industry
Techniques of Cost Reduction The main techniques used for cost reduction are as follows 1. Cost Analyses 2. Ratio Analysis…
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Advantages of Perpetual and Periodic Stock Taking System
Advantages of Perpetual Inventory and Continuous Stock Taking System: (i) The long and costly work of a stock-taking count is…
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Meaning of Perpetual and Periodic Inventory System
Perpetual inventory system is also known as automatic inventory system. According to ICMA, London, it is, Â a system of records…
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