Question
The idea of Zero-Base budgeting (ZBB) first came to the
privately owned organisation of the _____ by the 1960s. It was the expert Peter Phyrr who first proposed this idea for government budgeting.Solution
It was the US financial expert Peter Phyrr who first proposed this idea for government budgeting and Jimmy Carter, Governor of Georgia, USA was the first elected executive to introduce ZBB to the public sector. When he presented the US Budget in 1979 as the US President it was the first use of the ZBB for any nation state. Since then many governments of the world have gone for such budgeting.
Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
 The amount payable on application on every security shall not be less than how much of the nominal amount of the security?
________ examines and evaluates a firm's or individual's financial records to derive evidence used in a court of law or legal proceeding.
Current Assets (at cost) Rs.24,00,000, Credit Sales Rs. 68,00,000, Cash Sales Rs.600,000, Sales Return Rs.2,00,000. What can be Current Assets Turnover ...
 Authorised capital of a company is Rs.5 lakh and 40% of it is paid up. What would be the tangible net-worth of the company if it reported Loss during...
What do ethics most closely relate to?
Which of the following account, having a normal balance, will be shown on the debit side of a trial balance?
Which of the following estimation doesn’t date back to India’s pre-independence era?
Compute M2 supply of money from the following data:
FIFP is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment, what is the full form of...
