Transfer Pricing and Methods to fix Transfer Pricing

Amount charged for sale of products or for services rendered is called a price. Pricing is either external or internal. Pricing for goods sold / services rendered outside the business is called ‘External pricing’. When a transfer of goods or services takes place within the business (i.e. from one unit of the business to the […]

Management Accountancy – An Introduction

Management Accounting helps managers in answering many important questions which may not be answered by using Financial Accounting information. A few examples of such questions / problems are below A farmer has piece of land on which he can grow six varieties of tomatoes. He needs to decide within the limited available land which variety […]