The reports are classified on the basis of purposes also. They are internal reports and external reports. Internal Reports External Reports What are Internal Reports? Reports that are
What is Assembling of Goods? Assembling refers to the process of keeping the goods, purchased from different places, at a particular place. Assembling of goods is done only
Factors determining buyer behavior There are various factors that determine buyer behaviour such as Geographic factors, Demographic factors, Cultural factors, Social factors and Socioeconomic factors as seen in
Meaning of Sales Forecasting Prediction of future sales is what is known as sales forecasting. Every manufacturer makes an estimation of the sales likely to take place in
What are Joint Products? In a manufacturing process, a raw material may be converted into finished product. During the process of conversion, there is an emergence of waste,
What is a Departmental Store? A departmental store is one that sells different kinds of goods. Grains, edible oils, different brands of biscuits, chocolates, soaps, toothpaste, face powder,
Salesmen remuneration plan – Conditions to be fulfilled The salesmen play a crucial role in determining the progress of any business. The manner in which they will be
What is Labour cost? Labour cost represents human contribution. Labour cost is sensitive in nature. The reason is that the labour cost is fully based on the human
History of Cost Accounting Every business has to face stiff competition under uncertainty conditions or situations. Moreover, risks involved in running of a business unit are also increased
Meaning of Advertisement The Oxford Dictionary explains advertisement as public announcement of goods, etc. for sale. It further says to advertise means to describe and praise (goods etc.)