Everything you need to know about the limitations of Cost Accounting: -1. It is Expensive 2. The system is more complex 3. Not suitable for small organisations 4. Lack of social accounting 5. Not an exact science 6. Not applicable in all types of industries 7. Results are not dependable 8. Results are not trustworthy […]
Limitations of Cost Accounting
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Definition of Human Resource Accounting
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“Human Resource Accounting” is the offshoot of various research studies conducted in the areas of accounting and finance. Human resource is an asset whose value gets appreciated over the period of time provided it is placed, applied and developed in the right direction. Till the recent past, organisations took few efforts to assign monetary value […]
Credit: Meaning and Mechanisms of Operating It | Accounting
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After reading this article you will learn about:- 1. Meaning of Credit 2. Mechanisms of Operating Credit 3. Advantages 4. Disadvantages. Meaning of Credit: Cash transaction is one in which cash is not paid at the time of purchase of a commodity or service. A credit transaction means that the buyer will pay for the […]