What is meant by ERS. Explain in detail about ERS.

kiransaroj

 Profile Answers by kiransaroj Questions by kiransaroj

• Jul 18th, 2010

ERS stands for Electonic Receipt Settlement.

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What is the meaning of project costing? What are the elements of a standard project cost sheet.

kl_krupa

 Profile Answers by kl_krupa Questions by kl_krupa

• Oct 3rd, 2010

Project costing is the identification and reporting of all costs generated by a single project. Elements of a standard project cost sheet would include all production orders, purchase orders and inventoried items are separated and pegged to the project in order to provide a total project cost

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vimala.s

• Sep 27th, 2011

It is the reconciliation of balances between branch to branch transactions or branch balances with Head office balances. For the transaction between the inter branch or with HO, generally there is del...

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Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee?

Jeff Lippold

• Mar 26th, 2012

Answer is simple. A "contract" employee is working through a staffing firm and usually work short term specialty assignment. 6 to 9 month is average length of a "contract" employee. "Direct Hire/Pe...

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keshav

• Jul 5th, 2007

There nothing like support?cost. There 3 types of cost allocation1. reposting (pce)2. distribution (pce)3. assesment (pce&sce)

Jennifer

• Sep 20th, 2005

Headcount or number of pc's per cost centre.

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mamta kulshrestha

• Jun 14th, 2007

In this modern age of cut-throat?competetion?cost accounting for the product?is must to mininize cost of product and gettting maximum profit. If the producer does not maintain or minimize waste in the cost?he will be failer.

shashankcwa

• Feb 28th, 2007

"Cost Accounting" in simple meaning, costing of the product for the market. But in modern market (which is full of big competitors) launching any new product in the market, ha...

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LC - Letter Of Credit means a guarrantee given by the bank during the course of International Business

snehal

• Oct 18th, 2011

Letter of credit are often used in international transaction to ensure that payment will be received due to the nature of international dealing including factor such sa distance differing loss in each country

lulu

• Dec 15th, 2006

Its a gurantee given by the bank onbehalf its client

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vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Aug 18th, 2008

Costs are bifurcated into 2, Fixed cost and variable cost. In fact the third category also exist which is Semi variable cost.Fixed costs are those costs which do not vary with the production level. Li...

ramm.30

 Profile Answers by ramm.30 Questions by ramm.30

• Jun 12th, 2008

Variable cost varies with level of out put but the per unit cost of variable items is fixed.eg: production of "x" no. of units where the cost varies with no. of units produced.

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drr123

 Profile Answers by drr123 Questions by drr123

• Dec 6th, 2008

Work in progress a/c dr   18normal loss  a/c dr             2 to Raw Matyerial a/c              20

carajeshsingh

 Profile Answers by carajeshsingh Questions by carajeshsingh

• Jun 13th, 2008

no.journal entry shall be passed to capture 2 k.g. weigt loss. finished product shaal automatically cover cost of 2 k.g. loss of material is normal wastage.

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What is the basis of Purchasing?

ahmedali

 Profile Answers by ahmedali Questions by ahmedali

• Jun 22nd, 2008

Details of purchasing

CK Wong

 Profile Answers by CK Wong Questions by CK Wong

• Jun 11th, 2008

Coming from a manufacturing environment, the key functions of purchasing are twofold - supply & cost:(1) Ensure production plans are always met - no downtime (of course no line down) because of&nb...

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c7831887

 Profile Answers by c7831887 Questions by c7831887

• May 21st, 2009

There are two types of freight charges one is Inward and the other one is Outward.Inward is grouped under Direct expenses and it may be taken into landed cost.? Outward is grouped under Indirect expense and it will be?incurred after production.

jajpur78

 Profile Answers by jajpur78 Questions by jajpur78

• Sep 2nd, 2008

Its a direct expense and it is basically the expenditure that is spent in production for transportation.

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Sadiq

• Nov 23rd, 2014

Cash basis = Received / paid cash on the spot (only cash transactions)

Accrual basis includes cash as well as on credit. (receivable and payable)

Deepthi

• Oct 27th, 2011

Cash basis accounting is when record in books once we receive cash in hand/bank or when we make payment in cash or through bank but accrual basis once we accure the income we record in the book irrespective of whether we received or not.

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Do not explain just defination........ answer should contain example

Suyash Shah

• Sep 12th, 2017

Product is an object which, in itself, is static & does not involve time as one of its dimension. On the other hand, process is continuous & essentially implies time as one of its ingredients. So, the cost of product is arrived per unit & that of process is arrived per unit time.

Jitender Chhabra

• Oct 1st, 2015

Product Costing mean sum of all cost incl. Material (Direct), Labour (Direct/Indirect), all Overheads (factory overheads, selling & distribution overheads, admin overheads etc..) which are involved to...

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sreekanthvsk

 Profile Answers by sreekanthvsk Questions by sreekanthvsk

• Jun 11th, 2008

Variable cost or Marginal cost is the cost that is directly proportionate to the number of units being produced (unit being a Tangible item produced or an Intangible service that is provided). It incr...

chowdary.thakkella

• Nov 27th, 2006

Variable costs are dependeing upon production. u re increases production automatically variable cost is also increased.decrease in production means automatically variable cost decreased. 

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shaik. rafee

• Feb 26th, 2007

5 years

azeez

• Jan 9th, 2007

In a manufacturing company diffrent shops they will send docket for the no. of hours they are worked.   We feed the docket and have to prepare the labour cost ledger.  Material accounti...

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What is the difference between cost accounting and management account

ngodza22

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• Jun 29th, 2008

Since fixed cost doesn't change whether you decide to produce or not to produce...eg rent, thus in marginal costing fixed cost element is removed so as to arrive at contribution... hence fixed cost is irrelevent cost in marginal costing

ngodza22

 Profile Answers by ngodza22 Questions by ngodza22

• Jun 29th, 2008

Cost accounting :is mainly concerned with data captive, recording, accumulation & interpretation of information cost of prodution so as enable management to focust & relevent decision.Manageme...

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ahmedali

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• Jun 23rd, 2008

What is limited liability clause complet detailes of this question

umairahmedpk

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• Jun 12th, 2008

Limited liability caluse is mentioned in memorendum of association. Under this clause, it is mentioned that the liability of the members of the company i.e share holders have liability upto their amou...

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What is meant by EOQ?

Lakshmikanth Dandu

 Profile Answers by Lakshmikanth Dandu Questions by Lakshmikanth Dandu

• Jan 27th, 2011

Economic order quantity refers to the quantity to purchased every time so as to minimize total of two types of costs associated with purchase. The size of the order for which the total of ordering costs per annum and carrying cost per annum are minimum is know as the eoq.

kl_krupa

 Profile Answers by kl_krupa Questions by kl_krupa

• Oct 3rd, 2010

Economic order quantity is the level of inventory that optimises the total inventory holding costs and ordering costs.

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What is meant by Three Way Matching Concept. Which is related to Invoice, Purchase order, Voucher, Vendor

gns.ravi

 Profile Answers by gns.ravi Questions by gns.ravi

• Apr 10th, 2012

3 Way matching means : - Matching the invoice with PO and GR at the same time,
2 Way matching means :- Matching the invoice with PO.

the above two are the matching concepts in AP process

Faisal Azim

• Jul 13th, 2011

Three Way Matching Means invoices ,Delivery and purchase all are same no any difference

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Dasari Santhosh

• Jun 20th, 2012

Debit note:when the goods are returned to the supplier, a debit note is sent to him indicating that his a/c has been debited with the amount mentioned in the debit note. Credit note: the customer whe...

jk latha

• Nov 30th, 2011

Debit note is an note which is issued from the customer/ party for short/rejetcted matl amt.

Credit note is an note which is also issued by the customer /party for excess matl reced amt.

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