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Classificazione

  • Note di Apprendimento
  • Revisione degli argomenti
    BabaJide Martins F.
    TR
    BabaJide Martins F.

    I am clear with contribution margin and direct expenses. Well explained and understood.

    Alice B.
    GQ
    Alice B.

    The solutions to the problems are clear and made me to understand that every subject has its language.

    Morne V.
    ZA
    Morne V.

    after sales service attracts customers to the business to buy bicycles people may buy bicycles if they discover their current bicycle is beyond repair repairs take up a shar

    Sunday O.
    NG
    Sunday O.

    Classification

    Odongo M.
    UG
    Odongo M.

    Accounting -> Classification Classification The benefits of classification may be linked to departmental Profit and Loss statements. They include: enables assigning of responsibility to department managers measures performance of particular departments helps recording - specialised journals save time and effort assists control - performance figures may be compared with budget figures provides information for decision making Benefits of classifying the balance sheet include: identifies relative liquidity of assets shows assets in need of depreciation and illustrates carrying cost of assets assists calculation of working capital The question as to the benefit of preparing accounting reports more frequently than once a year has appeared in past papers. Reasons include: assists planning and control by enabling comparisons with budgeted figures business can respond more readily to both favourable and unfavourable trends in its operations to help in making of policy decisions; for example, a change in prices more effective monitoring of the performance of the business The repairs department may be retained despite what appears to be a relatively poor performance because: after sales service attracts customers to the business to buy bicycles people may buy bicycles if they discover their current bicycle is beyond repair repairs take up a share of overhead expenses such as rent the resources for repairs may not be used profitably somewhere else in the business It may be inappropriate to allocate cleaning according to floor space because: the difficulty in cleaning the respective floor space may differ cleaning may involve more than cleaning the floor Contribution margin is the difference between sales revenue and the direct costs associated with earning that revenue. Four items likely to be regarded as 'general expenses' may be chosen from: security accounting fees electricity telephone managers salary various finance expenses office expenses The general journal entry would be: Drawings 200 Cleaning 200 Correcting entry

    Manish K.
    NP
    Manish K.

    Every point given in this course is notable for preparing accounts. Clear information.

    Penelope M.
    US
    Penelope M.

    it's more then a notion to run a business

    Adil N.
    MA
    Adil N.

    What is classific ation?

    Gloria N.
    AE
    Gloria N.

    ok

    Epie E.
    TH
    Epie E.

    very clear now the doubts of contribution margin and direct expenses.

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