Difference between Average and Super profit
The valuation of goodwill depends upon assumptions made by the valuer. Meaning; The average profit is the average of the profits in the past few years; Or, super profit is…
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Methods
15 posts
Single Costing: Meaning, Characteristics, and Objectives
Single Costing method of the ascertainment of the cost of production is suitable for those industries in which manufacturing is continuous and units of output are identical. You will be…
Techniques and methods of costing in Cost accounting
The techniques and methods of costing in Cost accounting are to explain their points one by one. First, Techniques of Costing: Historical Absorption, Marginal, Budget and Budgetary Control, Differential, and…
Introduction to Wages: Meaning, Definition, Types, and Methods
What does mean by Wages? A fixed regular payment earned for their services typically paid on an hourly, daily or weekly basis. A wage is a compensation paid to employees…
What does Monopoly mean? Understand Monopoly control Methods.
What is the Monopoly? The word Monopoly has been derived from the combination of two words i.e., “Mono” and “Poly”. Mono refers to a single and poly to control. “Mono”…
Departmental Accounting: Meaning, Objectives, Methods, and Advantages
What does mean Departmental Accounting? The main point is explained; Meaning, Concept, Objectives, Methods, Advantages, with Principles. Departmental Accounts and Departmental Accounting both are same. Modern life is very mechanical,…
Valuation of Goodwill: Meaning, Need, Factors, and Methods
What is Goodwill? Meaning of Goodwill; Goodwill is the value of the reputation of a firm built over time with respect to the expected future profits over and above the…