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accounting

Joint Venture Accounting (AOC with Video Summary)

Joint Venture Accounting AOC This summary gives a clear definition and meaning to Joint Ventures Accounting, differentiating between Joint Ventures…

How To Prepare A Cash Budget

Cash Budget Before attempting any question on Cash Budget, make sure you read through the question in order to stick…

Questions on Budgeting (Cost Accounting)

Budgeting Question 1 CharllyCARES Nig Ltd sells one product, in the year 2010, his budget income statement shows the following:…

Break-Even Analysis Formulas +Video Guide

This article will help you with a clear definition and meaning to Break-even Analysis, how the formulas are derived and…

Absorption Costing Techniques | ACT

In this article, you will learn How to Prepare an Income Statement, The Uses and Users of the Absorption Costing…

Marginal Costing Techniques | MCT

After reading through, you will be familiar with the definition of terms, the Quantitative and Qualitative Factors in Decision Making,…

Questions On Process Costing +Video Guide

Process Costing Question 1 In the account details recorded for CharllyCARES Nig Ltd. There was an input material transferred from…

Inventory Control Formulas and Terms +Video Guide

In this summary on Inventory Control, I will briefly explain the terminologies being used in this topic and also state…

Revenue Expenditure & Capital Expenditure

First of all, you can recollect from your daily activities that you incur expenditure on various items every day. You…