AccountingWhat is Meant by Branch Accounts? What is Meant by Branch Accounts? The practice of keeping separate bank accounts for each branch of a company even though the branches together with the home office form…
AccountingWhat is Meant by Double Account System? What is Meant by Double Account System? The double entry system of accounting or bookkeeping means that every business transaction will involve two accounts (or…
AccountingWhat is Meant by Profit Volume Ratio? What is Meant by Profit Volume Ratio? The profit volume ratio, also called the contribution margin ratio or the variable profit ratio, is one of the…
AccountingWhat is Meant by Cost Volume Profit Relationship? What is Meant by Cost Volume Profit Relationship? Managerial accounting provides useful tools, such as cost-volume-profit relationships, to aid decision-making. Cost volume profit relationship helps you…
AccountingWhat is Meant by Break Even Point? What is Meant by Break Even Point? Break-even analysis is a method used in business to calculate the the total or number of items that…
AccountingSemi Variable Expenses Semi Variable Expenses The most common semi-variable expense for manufacturers is electricity. Manufacturing companies rely heavily on machinery to complete production tasks, but the frequency with which that…
AccountingWhat is Meant by Marginal Costing? What is meant by Marginal Costing? The marginal cost of an additional unit of output is the cost of the additional inputs needed to produce…
AccountingCosts for Analytical and Decision-Making Purposes Imputed costs: Imputed costs do not involve actual cash outlay (cash payment). They are not recorded in the books of accounts. They are not measurable…
AccountingClassification of Cost Classification of Cost: Classification of Cost is variety,it Costs may be classified on different bases. They can be classified as follows: By time (historical, predetermined) By nature…
AccountingCost Control Cost Control: The process or activity on controlling costs associated with an activity, process, or company. Cost control typically includes (1) investigative procedures to detect variance of actual costs from budgeted costs, (2) diagnostic procedures to ascertain the cause(s) of variance, and (3)…
BankingGeneral Banking System of AB Bank Limited. EXECUTIVE SUMMARY : AB Bank Limited is financial institution. Among several Private Commercial Banks (PCBs), AB Bank Limited has already gained a foothold in the commercial…
LawThe role of Media Establishing Criminal Justice Introduction The term ‘media’ are a composite of print, sound and electronic. Print media remains as powerful as ever along with newspapers, books, periodicals, etc.…