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How is Accountancy necessary but auditing is luxury?

It is necessary for company to maintain books of accounts and that's why accountancy is a must activity but it is not mandary to conduct audit of financial statement for private companies and only necessary for public companies.


How would you describe an activity-based budget?

Activity-based budgeting is a technique that focuses on costs of activities or cost drivers necessary for production and sales. Such an approach facilitates continuous improvement.


How do you determine the date of last activity on your credit report?

The last activity is usually viewed as the last payment made. The rule of thumb is that the SOL begins six months after the account was defaulted on.


What are the steps to developing a flexible budget?

The flexible budget uses the master budget as its basis. To develop the flexible budget, management should take the following steps. 1. Identify the activity index and the relevant range of activity. 2. Identify the variable costs, and determine the budgeted variable cost per unit of activity for each cost. 3. Identify the fixed costs, and determine the budgeted amount for each cost. 4. Prepare the budget for selected increments of activity within the relevant range.


How an activity-based capital budget differs from a conventional capital budget and describe the impact of activity based costing on capital-budgeting decisions?

Activity based budgeting is a technique that focuses on costs of activities or cost drivers necessary for production and sales. Such an approach facilitates continuous improvement.Conventional capital budgetingConventional: Based on or in accordance with general agreementCapital budgeting is the planning process used to determine whether an organization's long term investments such as new machinery, replacement machinery, new plants, new products, and research development projects are worth pursuing. It is budget for major capital, or investment, expenditures.

Related Questions

Do you need a permit at 18 to engage in the activity?

Yes, you may need a permit at 18 to engage in certain activities, depending on the specific regulations and requirements in place for that activity. It is important to check with the relevant authorities to determine if a permit is necessary.


What three factors determine the amount of energy required for an activity?

the three factors that determine the energy cycle are solar power, electricity, and heat.


What are the three distinct steps in planning daily physical training activities?

Determine the minimum frequency of training -Determine the type of activity. -Determine the intensity and time of the selected activity


True or false the first activity in test preparation is to determine what the test will be about?

It is true that the first activity in test preparation is to determine what the test will be all about.


Why is logging activity necessary?

Because it wants to be


What determine an enzymes activity?

There are several things that determine an enzyme's activity. The main determinants include the structure of the enzyme, temperature, pH and so much more.


Why is it necessary to determine baseline for H2O2?

It is necessary to determine the baseline for H2O2 to establish a reference point for comparison in experiments. The baseline helps to identify any changes in the concentration or activity of H2O2 throughout the course of the experiment. This allows for more accurate and meaningful analysis of the data collected.


Is colleagues a collective noun?

No, the noun 'colleagues' is a plural, common, abstract noun; a word for people who work together or share a common activity together.A collective noun is a word used to group people or things taken together as one whole. Example:A group of colleagues put together a farewell party for Jim's retirement.


What is the difference between budgetary control and standard costing?

Budgetary Control is projection of financial accounts and std. costing is a projection of cost accounts. Variances are shown in total in thhe former and a detailed analysis of variances is done in the latter. In std. costing, cost data ior each activity is pre-determined based on normal level of operaion.


How can one determine the activity coefficient in a solution?

The activity coefficient in a solution can be determined by measuring the concentration of the solute and the solvent, and using equations that relate the activity coefficient to these concentrations. Experimental methods such as vapor pressure measurements or conductivity measurements can also be used to determine the activity coefficient.


Definition of of bioassay?

A test usedto determine such strength or activity


What is a measure of how often you perform an activity?

Frequency is a measure of how often an activity is performed. It can be daily, weekly, monthly, etc. and helps determine the regularity of the activity.