Category: Accounting

Importance of National Income Analysis 1. For the Economy- The national income data are of great importance for the economy of a country. These days the national income data are regarded as accounts of...

Problems of Measurement in aveloping Economy DOWNLOAD TRICK In a developing economy, complete and reliable information relating to the various methods of estimating, national income are not available due to the following problems: 1....

There are four methods of measuring national income. Which method is to be employed depends on the availability of data in a country and the purpose in hand. (1) Product Method- According to this...

Concept of National Income (1) Gross Domestic Product (GDP): Gross domestic product is the money value of all final goods and services produced in the domestic territory of a country during an accounting year....

defination of national income National-income is an uncertain term which is used interchangeably with national dividend, national output and national expenditure. On this basis, national income has been defined in a number of ways....

Determination of National Income It will be helpful to state here the simplifying assumptions, which are made to specify the model of a hypothetical simple economy for the sake of simplicity in the analysis....

Limitations of Accounting Accounting is helpful to business in determining the position of assets and liabilities as well as profit and loss. Itenables the business to take important future decisions. But one can not...

Principles of Accounting Complete and general acceptable list of accounting principle is not available. They are classified in the follow- ing three categories: (1) Balance Sheet Principles,(ID) Income Statements Principles(III) General Principles 1. Balance...

Types of Cost Accounting Types of cost accounting are studied under the following three heads- 1. Systems of costing,2. Methods costing,3. Techniques of costing. Systems of Costing The systems of cost accounting can be...

Functions of Cost Accounting In order to achieve its objectives, cost accounting performs the following functions- (1) Determination and analysis of cost-The main function of cost accounting is to find out the total cost...