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Knowledge in Definitions
Hindi Vigyaapan Paribhasha
Hindi Vigyaapan Paribhasha: Advertisement Definitions
Kirtika Surolia
what is Practical,Normal ,Maximum ,Actual ,Idle capacity ? capacity of a firm in details
Practical Capacity :It refers to the production capacity of a firm taking into consideration various internal and external factors within which the firm operates .Normal capacity :It refers to the production capacity of a firm at which the firm can operate in normal situationMaximum capacity :It refers to the capacity at which the firm can operate using all the factors of production to fullest extent . in the capacity beyond which the firm can't produce more . A firm can't operate at this capacity for a long period .It causes damage to machine .In emergent situation this capacity is used .Actual capacity : It refers to the production capacity of a firm at which the firm producing at present .It may any capacity from start to maximum .Usually the firm operate at normal capacity .Idle capacity :It refers to the capacity which remains idle in other word the capacity which remains unused .The reasons for such idle capacity is shortage of material , machine brokedown , power failure , waiting for instruction etc .Idle capacity = Normal capacity -Actual capacity
Mousumi Manna
Basic Accounting definitions
ACCOUNTING: Accounting can be defined as the subject by studying which the records of all monetary transaction of an individual , non - trading concern ,business undertaking and other for a particular period can be satisfactorily maintained and the result of transaction during given period can be analysed and measured at the end of the given period .Accounting is now more an information system then a mechanism for recording transaction and ascertaining the result thereofFINANCIAL ACCOUNTING : financial accounting deals with the recording of all financial transaction and preparation of statement for the use by management , outsiders like shareholders , banks or other financial institution , creditors etc.COST ACCOUNTING : Cost accounting is concerned with the ascertainment of all cost of various products and services and is used as the tool for controlling expenditure..
Abel C.P