Cost finds its applicability in accounting, retail, production as well as research. It is the amount of money or sum that has been spent. For example, the money that is spent is purchasing goods and commodities or the sum that gets used up to during the delivery of a particular service is cost. In businesses, the money that is/gets expended to get or acquire acquisition is called cost. Whereas in accountancy, it is the money that is used by a business entity or any other accounting entity to make a purchase. It includes the monetary value of the expenses that come from the product, labor, services, etc. A portion and not all of accountancy or accounting are reflected in it.
Lectures and exams can be media for teaching concepts and things to students. But, self-study is an essential criterion too. Students need to invest time in self-learning, come up with doubts, solve them and this way, they tend to learn by themselves. Assignments and homework bring in curiosity within the minds of students. This is because students invest their time in them. Many a time, they are expected to complete a dozen of assignments over the weekend. It might not be a hefty task if it was only the completion of assignments that mattered. Assignments are important since they fetch you marks. What goes unnoticed is the degrading quality of assignments since the students have too many areas of focus. Also, they cannot invest time in self-learning. In the end, the entire purpose of all of it is lost.
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Cost – the world runs on it:
How enthralling it is to learn about the various methods of expenditure and gain deeper insights into the same. We have tutors with the best of knowledge on the same subject and can guide you through every difficulty.
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