What is federal system? Where the government’s functions are divided between two sets of authorities i e. the Central Government, and the State Governments, it is called a
What are Intelligent Agents An intelligent agent is a software program that supports a user with the accomplishment of some task or activity by collecting information automatically over
Electronic commerce is very much like traditional commerce. It also involves and exchange of goods. But the exchange of goods is conducted online. Technologies such as email, electronic
Tools or Techniques of Financial Statement Analysis Important tools or techniques of financial statement analysis are as follows. Comparative Statement or Comparative Financial and Operating Statements. Common Size
Limitations of Financial Accounting The main reason for the development of cost accounting is the limitations of financial accounting. Hence, causes for the development of cost accounting and
Secondary distribution of Overhead The production departments do not produce any goods and services without getting any service from the service departments. Hence, there is logic that the
Cost is defined as the amount of expenditure (actual or notional) incurred on or attributable to a given thing or to ascertain the cost of a given thing.
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
What is Cost Control? Cost control is a tool of management executives to regulate the working of the manufacturing concern. Under the globalize economy, mere planning is not