Monthly Archives: May 2011

Cost Behavior Related to Time Resource and Activity


Accounting management deal with the requirements to assess and estimate fixed costs and variable costs. A fixed cost is a cost that remains the same in total as activity usage increases or decreases while a variable cost is a cost … Continue reading

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Kinds of Income Statement and Closing Entries


The operations of a company determines the shape of its income statement, an income statement presented of a trading or merchandising company is different  with the income statement of a manufacturing company. There would be raw materials, work in process … Continue reading

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The Use of Accounting System in Reality


Talking about accounting systems, accounting systems vary widely from one business to another, it depends on Nature of the business The size of the firm The volume of data The informational demands. Accounting systems include all of the activities required … Continue reading

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How to Deal with Product Costing


Product costing is needed at the time of producing goods or services, the calculation of product costing will be used as the basic information and to find out the cost of production or cost of goods manufactured. Improper of product … Continue reading

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