03-09-2006, 07:09 AM
the proper definition is An activity is a process which adds value and consumes resources!
activity based costing is an approach to the costing and monitoring activities
which involves identifying the activities that are responsible
for the generation of costs!
the principles of abc are-
i; ActivitieS(not products) generate costs
ii; ProductS consume activities
activity based costing is an approach to the costing and monitoring activities
which involves identifying the activities that are responsible
for the generation of costs!
the principles of abc are-
i; ActivitieS(not products) generate costs
ii; ProductS consume activities
