Cost pool: Cost pool is a collection of costs that are to be assigned to cost objects.
Costs are often pooled because they have the same cost driver. An example of a cost pool is all costs related
to material handling in a manufacturing firm.
It is an initiative for educating people about business terms.
Share Capital | Share Premium | General Reserve | Sinking Fund | Accu. OCI | Retained Earnings | |
Balance b/d | X | X | X | X | X | X |
Add: Net income | X | |||||
Transfer to General reserve | X | (X) | ||||
Comprehensive income | X | |||||
Balance c/d | X | X | X | X | X | X |
Forensic auditing has emerged as a powerful tool in both private and public sector organizations to combat fraud, ensure transparency, and m...