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long term cost is which is incurred toacquire an asset and that figure is capitalise in Balance Sheet, while short term cost is paid for running and operational expenses, which is shown in Profit n Loss Account.
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Why does managers use a contribution margin income statement?
Managers will use this because it separates the fixed from the variable costs. It helps them make short term decisions better by not looking at long term fixed costs which can not be easily changed.
What is the difference between unbilled receivables and cost in excess of billings?
Unbilled receivables represent costs in excess of billings on incomplete contracts and, where applicable, accrued profit related to government long-term contracts on which revenue has been recognized, but for which the customer has not yet been billed.
What is the conflict between short-term interests of individuals and long-term welfare of society?
developed nations
What are the difference between cash budgeting and capital budgeting?
capital expenditure budget is a part of cash budget.cash budget involves managerial activities while capital expenditure budget involves day to day activities may be for long range or short range
Definition of step costs?
step cost : its a cost that is fixed cost during the short run within the relevant range , and it will become variable cost over the long run as supervisory salary .
What is the difference between short-run costs and long-run costs?
For a given configuration of plant and equipment, short-run costs vary as output varies. The firm can incur long-run costs to change that configuration. This pair of terms is the economist's analogy of the accounting pair, above, variable and fixed costs
What is the difference between a short- and long-term goal?
the long term is different between a short term because the short
What is the difference between the short and long carbon cycle?
The difference between the short and long carbon cycle is that the short cycle emphasizes the interaction between the biosphere and atmosphere while the long cycle emphasizes the formation and destruction of fossil fuels.
What is the main difference between long and short run?
Their length.
How do you tell the difference between short and long vowels?
Snake
What is the difference between short net ton and a long gross ton?
well there is no difference
What is the difference between a long sentence and a short sentence?
A long sentence typically contains more information and details, while a short sentence is brief with fewer words. Long sentences may be more complex with multiple clauses, while short sentences are more direct and concise. Both can be effective depending on the context and desired impact on the reader.
What is the difference between long I and short I?
The "long I sound" says the name of the letter I (eye). The short I has an "ih" sound as in sit and fish.
What is the difference between a long and short horned grasshopper?
Sounds to me like it'd be the length of their horns that is the difference.
What is the difference between a short neck and a long neck transmission?
short tail shaft or long tail shaft trans they are different lengths
What is the difference between a short rod nut and a short forged nut in regards to flared tubing?
short gas long H2O
What is the difference between long-term earthquakes and short-term?
long term earthquakes are earthquakes that are for a long period of time and short term earthquakes are when the earthquakes are for a short period of time
