Economies of Scale

Meaning The economies of scale are cost benefits received by a firm through a large scale production. When a firm increases its production level, the average cost per unit …

Lease Payment

What is Lease Payment? Lease payment is a certain sum of money that a person pays at regular intervals of time for a leasing agreement. The regular interval is …

Budget Control

Budgetary control is the process of preparing budgets for the future period, comparing the standards set by budget with the actual performance, finding out the reasons for the differences …

Prepaid Lease

Prepaid Lease is a leasing option available for tangible assets like property, plant, and equipment. The structure of this lease involves leasing of an asset for a long-term and …

Participative Budgeting

What is Participative Budgeting? Participative budgeting is a method of budgeting wherein both the people, who implement the budget and who will be affected by the budget, are involved …