Basic Accounting Terminologies
Jennifer edwards As we know the process of accounting is that of recording monetary transactions of a business in an organized and transparent form and to prepare financial statements related to assets…
Period Cost or Non manufacturig Cost
Robert Cost which is not related to production and is matched against revenues on a time period basis is called period cost, non manufacturing cost or non-inventoriable cost. Period cost includes…
Appraisal Cost Definition
Sidra Farid Appraisal Cost Definition: Costs that are incurred to identify defective products before the products are shipped to customers.