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Cost Accounting
What is Production Volume Variance?
Production volume variance is a measure of the difference between the actual cost of producing a certain number of units of output and the budgeted cost of prod
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Financial Accounting Concepts
What Are Joint Products and By-Products?
In cost accounting, joint products and by-products are two types of products that are produced from the same manufacturing process. Joint Products Joint product
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What is Economic Batch Quantity? With Example
Economic batch quantity (EBQ) is a crucial concept that determines the most cost-effective quantity of units to produce in a single batch or production run. By
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Financial Accounting Concepts
What is Meant by Goodwill in Accounting?
Goodwill, within the context of accounting, is a somewhat intricate concept. From a conceptual standpoint, goodwill refers to the intangible value attached to a
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Financial Accounting Concepts
What is Abnormal Process Loss?
Abnormal process loss refers to the unexpected and unanticipated loss of production material or goods during the manufacturing or production process. Unlike nor
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Corporate Accounting
Benefits of Issuing Shares as Source of Capital
In the world of business, having access to sufficient capital is crucial for growth and expansion. However, traditional methods of raising capital, such as taki
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Financial Accounting Concepts
What are non-current assets? Meaning and Examples
In simple terms, non-current assets are resources owned by a company that are not expected to be easily converted into cash within the next year. These assets a
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Financial Accounting Concepts
5 Types of Assets That Are Written Off At Some Point of Time
Asset write-offs are an integral part of financial accounting for businesses and organizations. They involve recognising and removing assets from the balance sh
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Corporate Accounting
What is a Forward Exchange Contract?
A Forward Exchange Contract (FEC) is a financial instrument designed to manage and mitigate foreign exchange risk. FECs allow individuals and businesses to lock
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Corporate Accounting
What is the difference between a merger and a demerger?
A merger and a demerger are two different processes in corporate restructuring that involve the redistribution of assets, liabilities, and ownership of companie
