Notional remuneration to owner appears only in which costing
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107000
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because they is best company in india
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"National remuneration to owner" appears only in "cost accounts."
Explanation:
- Cost accounting is used to define and capture all the costs related to the manufacturing process. It is a form of managerial accounting.
- In this method of accounting, both variable and fixed costs are assessed and analyzed individually and then compared with production results.
- It helps the management to ascertain the financial performance of the company and take decisions according to the situation.
- It helps the company to take cost control measures which increase the profitability of the company.
- "Notional remuneration to owner" is an expense. It is debited in the cost accounts and appears only in cost accounts.
The question is slightly incorrect. Here is the correct question:
"Notional remuneration to owner" appears only in which accounts?
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