Select the correct option to test your answer:
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Match the following. List-I List-II a. Labour cost variance 1. Actual hours paid (Standard rate - Actual rate) b. Labour rate variance 2. Standard cost - Actual cost c. Efficiency variance 3. Idle hours × Standard rate per hour d. Idle time variance 4. Standard rate (Standard hours - Actual hours worked)
In the absence of a partnership deed
Which of the following is not true about Payments Bank?
"Make sufficient provisions for future losses, but do not anticipate future profits." The statement is in accordance to the concept of
Revenue earned but not yet received by the business is known as