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Recently added explanations

Historical cost concept
Materiality concept of accounting
Revenue recognition principle
Time period assumption
Monetary unit assumption

Recently added exercises & problems

Exercise-13 (Preparation of statement of cash flows – Indirect method)
Exercise-12 (Computation of cash paid for dividends)
Exercise-11 (Computation of cash paid for equipment)
Exercise-10 (Computation of net cash flows from operating activities – indirect method)
Exercise-9 (Effect of transactions on statement of cash flows – indirect method)

Recently added calculators

Direct labor efficiency variance calculator
Direct labor rate variance calculator
Direct materials quantity variance calculator
Direct materials price variance calculator

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