Accountancy, asked by zarin5307, 9 months ago

What is Disadvantages of service costing?

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Answered by praveenpareek

Answer:

Disadvantage: Difficult Valuation

You can start a service business with a phone and very little equipment. While this makes for a simple start-up it can make for difficult valuation. You have to establish a track record of sales and some reliable sales projections to convince lenders of the value of your company.

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