Question
The application of the principles of accounting and
financial management to create, protect, preserve and increase value for stakeholders is known as ________Solution
As per CIMA official terminology, Management accounting is the application of the principles of accounting and financial management to create, protect, preserve and increase value for stakeholders of for-profit and not-for-profit enterprises in public and private sectors. Management accounting is an integral part of management function. It assists management by provision of relevant information for planning, organizing, controlling and decision making.
Nikhil spends x% of his salary on rent, then 30% of the balance on groceries, pays Rs. 6600 for transport, and saves Rs. 5496 from a total income of Rs....
- The salary of a person is increased by Rs. 500. If his old salary was 25% less than his new salary, then his old salary was:
Monthly income of 'P' is twice the monthly income of 'Q'. 'Q' spends 65% of his income in a month while saves Rs. 9800. Monthly income of 'R' is 20% mor...
‘Rahul’ spends 75% of his income whereas ‘Sohan’ spends 60% of his income. If each of them saves Rs. 3,000, then find the total expenses of ‘R...
- In 2020 when his income was Rs. 25,000, Arjun spent 30% of his income and saved the rest. In 2021, if his income increased by 15% and his expenditure incre...
- A allocates his monthly income as follows: 15% for rent, 25% for groceries, and 20% for bills, while saving the remaining amount. If his savings amount to ...
Determine Rohit's monthly salary if he allocated 40% of it to house rent, then 32% of the remaining amount on traveling. After accounting for his food e...
An employee earns a fixed salary and an additional commission of 10% of his fixed salary. The commission received by the employee is Rs. 2500. If he spe...
Income of Ramesh is Rs. 40,000. He spends 20% on rent, 15% on clothing, 'a%' on food, 25% on others and saves the rest. If his savings is Rs. 8,000, fin...
Income of Deepa is Rs. 60,000. She spends 10% on rent, 25% on clothing, 'a%' on food, 30% on others and saves the rest. If her savings is Rs. 9,000, fin...
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