What is Imputed or Notional Cost? Imputed Costs are hypothetical notional costs which is not recorded in the books of …
Read moreNotional(Imputed) Cost, Out of Pocket Cost & Differential Cost
What is Accounting Concepts? Accounting concepts is the basic rules, assumptions and principles which is considered as the basis of …
What is Retained Earnings? Retained earnings is the accumulation of profits of the company. This is the part of total …
What is Journal Proper? Journal Proper is the residuary books where those transactions are recorded that are not recorded earlier …
What is Sell Off? Sell off is one kind of divestment where one company sells part of its business to …