Discharge of a Negotiable Instruments When the liability of the party, primarily and ultimately liable on the instrument, comes to an end, the instrument is said to be
Steps involved in Target Costing process The following are the main steps or stages involved in the target costing process. 1. Conducting Market Research: The company should determine
What is Target Costing? Target costing is getting importance during the period of difficult market conditions. There is a ever changing of market conditions for any product. Therefore,
What is Standard cost for direct labor? The time required for producing a product should be ascertained and labor should be properly graded. The reason is that all
What is Standard cost for direct material? Direct material means a material used for manufacturing and forming a major portion of a product. A cost is predetermined for
Techniques of Auditing Audit techniques stand for the methods that are adopted by an auditor to obtain evidence. SAP5 describes various techniques of auditing to be applied by
When was UNIDO set up? The United Nations Industrial Development Organization was set up in January 1967 as an organ of the U.N General Assembly. Subsequently, it was
Generalized system of Preferences (GSP) The implementation of Generalized system of Preferences is one of the important achievements of UNCTAD. Originally, this system was conceived in Geneva conference
Achievements of UNCTAD The achievements of UNCTAD may be discussed under the headings: tariff reclassification integrated programme on commodities reducing debt burden commodity development facility. 1. Tariff reclassification:
Types of Tests commonly used for recruitment in firms So far, a wide variety of tests have been devised by the industrial psychologists. But a detailed study of