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Cost classification by behaviour in accounting

Cost classification by behaviour in accounting

  Hi, today we talk about the cost classification by behaviour in accounting.Budgets and variance reports are more effective when they reflect cost behaviour patterns.Cost classification by behaviour in accounting is the way in which cost is affected by changes in the level of activity. Activity may be measured in terms of …

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Journal and its Features and its Format 2017 and 2018

Journal and its Features + Format 2017-18

In this lesson, we discuss the journal and its features  + Format 2017-18  as it is the first step in which transaction is posted which are occur during the course of operation of the business   Journal and its Features + Format 2017-18 Meaning The word journal has been derived from …

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Balance Sheet its Items and Format + Examples

In this lesson, we discussing Balance Sheet its Items, as it is considered as a snapshot of the company and give us the idea about the financial position of the business and tell the company what they own and owes. The balance sheet is the list of assets and claims …

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Best Basic Accounting Concepts and Principles With Examples

Basic Accounting Concepts and Principles

Best Basic Accounting Concepts and Principles are important in maintaining reliability, uniformity, consistency in preparing of books of accounts.In this lesson, we discuss the basic accounting concepts and principles in preparing the book of accounts. Best Basic Accounting Concepts and Principles With Examples The best basic accounting concepts and principles …

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Objective of Accounting System Advantage + Limitation

Hi, Today we will talk about the Objective of Accounting System Advantage + Limitation. So, we discuss about the concepts that are needed in order to know about accounting. If you have any query than you can leave the comment.  Definition of Accounting The art of recording , classifying and also reporting …

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