(A) Basic Principles when a limited company takes over another business (1) It can satisfies the purchase consideration by giving cash, shares or debentures assuming the trade liabilities any combination of cash, shares/debentures/assuming trade liabilities (2) the assets acquired are often different from the values shown in the vendor business’s book ( example : ten … Read more
TOTAL LABOR VARIANCE. · It is the difference between the standard labor cost for the actual production and the actual costs. · This variance consists of two part namely: ( Wage RATE Variance ) And ( Labor EFFICIENCY Variance) Wage RATE Variance The result of paying an actual rate of labor at an ACTUAL price … Read more
A Budget · Is a predetermined statement of a company’s objectives during a period of time. ·The budget is like a plan which guides the managers who are responsible for achieving certain business objectives. ·The budget normally has an overall or master budget which is made up of sectional/subsidiary budgets prepared by the different sections … Read more