najmaajavedd90

defination of computer

Profit and Loss Account: A Profit and Loss Account provides a summary of financial gains and losses in a business during a specific period. It includes revenues, expenses, and the resulting profit or loss.

Specific and General Reserves: Reserves are allocated portions of profit that are kept aside for specific or general purposes. They ensure the financial stability of a business and are used for various reasons, including meeting future obligations, funding growth, or providing a safety net during tough times.

"Edna's birthday is on the sixth of April and Jen's birthday falls on the 15th of October, therefore Amir's birthday must be the '? ' of January. 

• Would the CM approach better assist management in ensuring all costs are covered? Under absorption costing, FC would become inventoriable and thus buried when production exceeds sales. Conversely, under the CM approach, FC is treated as period costs, making it less likely to overstate profits. What are your thoughts on this topic?