Call us: 0731-402-8443, 750-900-8989 | Email: infinityservices2018@gmail.com
Call us: 0731-402-8443, 750-900-8989 | Email: infinityservices2018@gmail.com
Definition: The Vote on Account is the special provision given to the government to obtain the vote of Parliament to withdraw money when the budget for the new financial year is not released or the elections are underway, and the caretaker government is in place. Simply, the approval given by the parliament to withdraw a […]
Read MoreDefinition: A Capitalized Cost is the cost incurred in the purchase and financing of fixed assets. It includes not only the price paid for an asset but also the expenses incurred on its installation and transportation. A capitalized cost is added to the fixed assets and is shown on the assets side of the balance […]
Read MoreDefinition: A Sunk Cost is the cost already incurred by the firm and cannot be recovered or refunded. The cost which was incurred in the past and is now permanently lost is called as a Sunk Cost. Suppose, a firm has spent Rs 50,000 in the construction of a building, but due to some government […]
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