Standard costing It is a predetermined cost, as it is determined in advance what should be the cost of production. When standard cost is used

meaning of Differential costing It is the change in cost, due to change in the output or change in sale. It may be increase or

The following are the 4 applications of marginal costing: 1. Cost control: in marginal costing there is fixed cost as well as variable cost .

In the last article, we have done the objectives of profit volume ratio, today we will discuss the concepts of the same. There are four

Profit volume ratio (also commonly known as P/v ratio) is the extension of the marginal costing. It is a very important tool in the hands

Meaning of Marginal cost Chartered Institute of Management Accounting (CIMA) defines the term marginal cost that it excludes fixed overhead cost entirely from cost of

Subsidiary company Last time we have discussed the meaning and types of holding company. Today we will discuss another type pf company that is subsidiary

Holding company A company which acquires more than 50% equity shares of any other company in order to control the composition of its board of

Purchase consideration: As per section 14 it is the price paid by Transferee Company to the transferor company for the purchase of its business. Methods

Valuation of shares Generally shares of the company are valued at the following cases: 1)      At the time of the assessment by income tax authority.