Top 3 Branches of Financial Accounting
Here, We discuss about the branches of accounting such as : financial accounting, management accounting, cost accounting.
Month: September 2021
Advantages | Disadvantages 7 Function of Financial Accounting
Here we discuss about the 7 function of financial accounting. advantage and disadvantage of financial accounting.
Extraordinary 2 Users of Accounting Information
In this article, we will discuss the user of accounting information. Firstly, we are going to discuss the internal user of accounting system. But, the external user is also very important and plays an important role in accounting information systems. For gaining better knowledge, you need to read the full article. I. Internal Users 1….
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Accounting Information System: 6 Component and Disciplines
In this article we discuss about the meaning, components, posotion of AIS in organisation, AIS and Related Disciplines
Types of Elasticity of Demand | 5 Degrees | Measurement | Factors
The relative responsiveness of a supply or a demand curve in respect to price is referred as elasticity. If the curve is more elastic then it means the more quantity will be changed in respect to price change.
Detailed Indifference Curve Approach & Indifference Map
The representation of different combinations of two goods on a curve is done by indifference curve that provides a consumer equal level of satisfaction. Between these curves the consumer is indifferent as he gets equal satisfaction from all the combinations.
Detailed Discussion on Demand Forecasting and its Needs
Forecasting is a technique that facilitates the process of planning and enabling efficient decision-making. By this estimates, projections are made for the future. Combining the aspect of forecasting with demand, it serves with the future projections regarding the quantity demanded in precise. Certain questions like which product will be in demand
Demand Function
An algebraic expression which shows the relationship between demand for a commodity and its various determinants that affect this quantity is known as demand function.
Assumptions and Conditions of Consumer Equilibrium
“A consumer is in equilibrium when he regards his actual behaviour as the best possible under the circumstances feels no urge to change his behaviour as long as circumstances remain unchanged”.
utility is value-in- use of a commodity. Utility is the derivative of consumption which implies subjective satisfaction. Simply, ‘utility’ describes consumer preferences according to modern theory of consumer behaviour.
Theory of Demand | 7 Objectives of Demand Analysis
The demand refers to a consumer’s willingness for such quantity of goods and services and ability to pay for same at various prices dealing within a period of time. In economics, demand is something more than desire to purchase. For example, if any person is feeling hunger but he does not have money to pay for it, in that case his demand is ineffective. Effective demand involves three things Desire,
Means to purchase, and Willingness to use those means for that purchase.