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16th October 2022
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indiafreenotes
Management of employees: Managing employees is the foremost duty of a retail manager. This includes the management of store’s employees…
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16th October 2022
By
indiafreenotes
Highest-In First-Out (HIFO) is a type of stock distribution and valuation method. The HIFO method follows the concept that stock…
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16th October 2022
By
indiafreenotes
Material control is the process of systematically controlling materials over the stages of procurement, storage, and usage so as to…
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16th October 2022
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indiafreenotes
Realizable Price Method Net realizable value (NRV) is the value for which an asset can be sold, minus the estimated…
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16th October 2022
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indiafreenotes
The specific identification method relates to inventory valuation, specifically keeping track of each specific item in inventory and assigning cost…
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16th October 2022
By
indiafreenotes
(1) Personnel Department: This department in a large organisation is responsible for recruitment, training discharge, transfer etc. and maintaining their…
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16th October 2022
By
indiafreenotes
The cost of labour is the amount of all salaries paid to the workers, as well as the employee benefits…
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15th October 2022
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indiafreenotes
The implementation of a cost accounting system is an important step for a growing small business. Implementation begins with identification…
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15th October 2022
By
indiafreenotes
Direct Cost Direct costs can be easily identified as per the expenditure on cost objects. So, for example, if we…
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15th October 2022
By
indiafreenotes
A cost accounting system is used by manufacturers to record production activities using a perpetual inventory system. In other words,…
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