Diminishing or Reducing Balance Method; Under this method, depreciation calculates at a certain percentage each year on the balance of…
Average and Super Profits; The valuation of goodwill depends upon assumptions made by the valuer. Meaning; The average profit is…
The single Costing method of the ascertainment of the cost of production is suitable for those industries in which manufacturing…
The techniques and methods of costing in Cost accounting are to explain their points one by one. First, Techniques of…
What does it mean by Wages? A fixed regular payment earned for their services typically paid on an hourly, daily…
What is the Monopoly? The word Monopoly has been derived from the combination of two words i.e., "Mono" and "Poly".…
Departmental Accounting and Departmental Accounts both are the same. The main point explains; Meaning, Concept, Objectives, Methods, Advantages, with Principles.…
Valuation of Goodwill: What is Goodwill? Meaning of Goodwill; Goodwill is the value of the reputation of a firm built…
What is the Accounting Method? An accounting method is a set of rules under which revenues and expenses are reported…
Definitions of Creative Accounting: The term ‘creative accounting’ can define in several ways. Initially, we will offer this definition; "A process…