Systematic allocation
cause and effect
immediate recognition
expenses on an accrual basis are greater than expenses on a cash basis
The following are the differences between allocation and apportionment. 1. Allocation costs are directly allocated to cost centre. Overhead which cannot be directly allocated are apportioned on some suitable basis. 2. Allocation allots whole amount of cost to cost centre or cost unit where as apportionment allots part of cost to cost centre or cost unit. 3. No basis required for allocation. Apportionment is made on the basis of area, assets value, number of workers etc.
would consist of prepaid expenses and accrued expenses
Accrual System expenses are recorded when they are occured.Cash System expenses are recoreded when they are actually paid.
Expenses are things that cost a person money on a regular basis. Some examples of expenses are, electric bill, car payment, clothes, and food.
expenses on an accrual basis are greater than expenses on a cash basis
Ideal expenses are those expenses that are theoretical estimated when one is preparing the feasibility report.
There is no information on the relevant theoretical basis for estimating the probability: only an empirical or experimental, basis.
Transaction Allocation and management
a system that recognizes revenue and expenses on a cash basis, not an accrual basis
The following are the differences between allocation and apportionment. 1. Allocation costs are directly allocated to cost centre. Overhead which cannot be directly allocated are apportioned on some suitable basis. 2. Allocation allots whole amount of cost to cost centre or cost unit where as apportionment allots part of cost to cost centre or cost unit. 3. No basis required for allocation. Apportionment is made on the basis of area, assets value, number of workers etc.
Transaction Allocation and management
would consist of prepaid expenses and accrued expenses
Probability is the theoretical basis that underpins statistics.
yes if it is of due basis not in cash basis
Accrual System expenses are recorded when they are occured.Cash System expenses are recoreded when they are actually paid.
It is often a "goodness of fit" test. This is a test of how well the observations match the frequencies that would have been expected on theoretical basis. The theoretical basis may simply be your hypothesis.