bt it has came in nov 09, mj 10, nov 10 etc.....
any ways
when development cost in capitalised which principle is applied
ms states matching bt i didnt get that
nd wt is semi variable cost ?? MJ 05 25 mCQ
It's not really there in the syllabus but those jerks can ask whatever they want to. So yuh need to be prepared.
I'll give yuh and eg to clear yer misconception. I've spent $5000 on a building which will be built in 5 yrs. In the first yr, foundation is made. 2nd yr, the construction is being done and on and on. Now, i can't show in my financial statements of the 0 yr that i've incurred 5000 of cost. So i'll divide it into 5 yrs. 1000 per yr and include it in my Financial Statement. Understood ?
Semi variable cost is like yer telephone bill. Yuh'll have to pay a certain amount if yuh use it or not. The longer yer calls, the more yer bill. The cost of making a call is yer variable cost. So yeah, that's about it.