LIVE MANAGEMENT EDUCATION

There are many element of cost.These elements are as below.. 1.Material It is the first element of cost .The amount that expands to purchase ,store of raw materials this amount is called Material cost 2..Labour cost. It is the second element of cost.The amount that is expanded to pay labour to get their knowledge ,talent,skill,wisdom this amount is called labour cost 3.Expenses It is also an important element of cost .The amount that is expanded besides material and labour this amount is called expenses All these expenditure may be classified  into two parts.One is direct and second is indirect 1.Direct material cost It is the  first part of material cost..The material that is used in production process and the amount we expand on it called direct material cost. In other words we can say that the amount that be expand to purchase and use material this is called direct material cost 2.indirect material cost The amount that be expand to store ,transport material into godan to pl...

The financial amount that is expand to produce any product or service in the market this financial amount is known as cost. In other words we can say that the expenditure that is done  for producing any product or service this expenditure is know as cost The process in which transaction  or expenditure is identify record  classify,analyse,summarised according to pre-defined terms-conditions  ,rules and regulation this process is known as cost accounting.  In other words we can say that cost accounting is the process that is use to know total expenditure per unit expenditure of any produc and service Nature of cost accounting. 1-It is a macro part of accounting 2-it is an internal part of accounting 3-it belongs to production and concern activity of production.  4-it is a seperate activity of organisation. 5-it is new branch of accounting Objectives of cost accounting. 1.To find out total expenditure of organisation. 2.To find out pet unit cost of product an...

 1. Argentina       Buenos Aries 2. Bolivia            Surce 3. Brazil              Brasilia 4. Chile               Santiago 5. Colombia        Bogota 6. Ecuador          Quito 7. Guyana           Georgetown 8. Paraguay         Asuncion 9. Peru                Lima 10. Suriname      Paramaribo 11. Uruguay       Montevideo 12. Venezuela     Caracas

 1. Aegentina           Argentine peso 2. Bolivia                 Bolivian Boliviano 3. Brazil                   Brazilian real 4. Chile                    Chilean peso 5. Colombia             Colombian peso 6. Ecuador                United states dollar 7. Guyana                 Guyanese dollar 8. Paraguay               Paraguayan guarani 9. Peru                      Peruvian Nuevo sol 10. Suriname            Surinamese dollar 11. Uruguay              Uruguayan peso 12. Venezuela            Venuzuelan bol...

 1. Australia               Canberra 2. Fiji                          Suva 3. Kiribati                   Tarawa 4. Marshall     Islands                     Majuro 5. Micronesia              Palikir 6. Nauru                      Yaren District 7. New Zealand           Wellington 8. Palua                        Ngerulmud     9. Papua New      Guinea                    Port Moresby 10. Samoa                   Apia 11. Solomon   Islands      ...

 Economic system plays an important role for the development of nation because it controls all activities of production and its concern activities. There are many types of economic system present in the world.These are Capitalism,Socialism and mixed.Every economy has some positive feature and some negative feature so every government chooses economy according to their goal and serving people. Socialism is also an important type of economy that is present many countries and popular in 20th century. Definition- The economy in which society owns the factors of production at equal way this type of economy is called Socialism economy. In other words we can say that the economy in which the means of production is controlled by social proprietorship by society this types of economy is called socialism economy. Objectives- There are many  objectives of socialism economy.These objectives are as below- 1.All citizens are equal so they should possess equal opportunities. 2.To divided pro...

 1.algeria          algeriian dinar 2.angola          angolan kwanza 3.benin          west african franc 4.botswana        botswana  pula 5.burkina faso     west african franc 6.burundi           burundian  franc 7.cabo verde       cape verdean escudo 8.cameroon         central african franc 9.central africa  repulic      central african  franc 10.chad               central african franc 11.comoros         comorian franc 12.congo democratic republic            congolese franc 13.congo republic          congolese franc 14.cote d'ivoire              west african franc 15.djibouti          ...