cost accounting advantage & disadvantage
The advantage of ultra rapid freezing is that it last a long time. The disadvantage is that it cost a lot.
An advantage of having a cell phone, is that it is easier for people to contact you when out of the house. A disadvantage is the cost.
comparative cost advantage
Advantage - speed Disadvantage - cost.
There are a number of advantages and disadvantages of traveling. One big disadvantage of traveling is the cost for example.
advantage - increase for workers with an increase in marginal cost disadvantage - loss of potential profit for the monopsony x
What are the argue for and against historical cost as a principle of accounting in the preparation of final account of a sole trader?
Takes Time and incurs more cost
One advantage of a partnership is being able to share the cost. One disadvantage is having to make sure the other person is okay with your ideas.
The historical cost principle is an accounting principle that requires transactions and economic events to be valued in the financial statements at the actually dollar amounts involved when the transaction or economic event took place.For example if the market price of a teddy bear is $5.00 but you are able to bargain your way into getting it for $4.50, the historical cost principle requires that you record the teddy bear at $4.50.
The advantage of current cost accounting is that it addresses the difference between the current and historical costs as a result of the inflation. The disadvantage is that it presents the challenges to the users and companies about the reported financial information.