Question No 4:
Adv. of AC
Answer:
1. Avoids excl. fixed production costs
2. Complies with IAS 2 as includes
3. Helps to price products
4. Analyis of over/under abs. may be useful for identifiying inefficient utilisation
5. Follows accrutals / matching concepts.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.