Memorandum Entry
A memorandum entry records non-financial or supplementary information in accounting records without affecting debit or credit balances. It is used for tracking contingencies, guarantees, or internal references. Though it does not impact financial statements directly, it improves documentation and transparency.
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Maintenance Cost
Maintenance cost refers to expenses incurred to keep assets such as machinery, buildings, or equipment in working condition. These costs…
Monetary Working Capital
Monetary working capital refers to the net balance of current monetary assets and current monetary liabilities. It reflects liquidity position…
Management Accounting System
A management accounting system collects, processes, and reports financial data to support internal decision-making. It focuses on budgeting, forecasting, variance…
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