The Payback Period Method of Investment Appraisal
The payback period is the amount of time it takes to recover the investment’s initial outlay. In other words, it is the amount of time it takes for the project to break even. For example, if the said company invested $80,000 into an extension of its premises and it takes them five years to get […]
Accounts for manufacturing businesses
What are manufacturing businesses? A manufacturing business is that which is involved in the production of manufacture of goods. Typical examples of manufacturing businesses are car manufacturers, television manufacturers, and mobile phone manufacturers. The accounting for manufacturing concerns is a little bit different from trading concerns. A separate account, known as a manufacturing account, is […]