Ultimately, it is crucial that we take measures to protect our inner selves from the overwhelming influence of social media. We need to carve out a space where our own unique voices can be heard, as this is the essence of what it means to be human. By doing so, we can preserve and cherish the unscripted, raw moments of human experience. The purpose of this paper is to explore the complex and potentially harmful impact that social media can have on religion and culture and to shed light on the importance of safeguarding our personal and collective identities in the face of this digital onslaught.
{"title":"SOCIAL MEDIA, CYBER RELIGION AND CULTURE","authors":"","doi":"10.47968/gapin.620008","DOIUrl":"https://doi.org/10.47968/gapin.620008","url":null,"abstract":"Ultimately, it is crucial that we take measures to protect our inner selves from the overwhelming influence of\u0000social media. We need to carve out a space where our own unique voices can be heard, as this is the essence of\u0000what it means to be human. By doing so, we can preserve and cherish the unscripted, raw moments of human\u0000experience. The purpose of this paper is to explore the complex and potentially harmful impact that social media\u0000can have on religion and culture and to shed light on the importance of safeguarding our personal and collective\u0000identities in the face of this digital onslaught.","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"15 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126736454","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Coronavirus Pandemic has been one of the most devastating events mankind has been through. It remain incurable for months before a vaccine was found and a sense of relief generated in the minds of human beings around the world. The Covid-19 virus as named by W.H.O. led to lockdowns observed around the world countrywide. Countries later on came out of the lockdowns but still frequent number of coronavirus cases led to imposition of lockdowns and curfews again and again of shorter intervals. The paper aimed at discussing the root cause of greatest ever downfalls observed in the stock markets around the globe ends with a conclusion that factors like increased technology, greater awareness, connectivity, sense of fear, perception, economic expectations, etc. have been the major drivers to such sudden events.
{"title":"A DISCUSSION ON FACTORS AFFECTING STOCK\u0000MARKET PRICES: THE PANDEMIC VIEW","authors":"Jyoti Patel","doi":"10.47968/gapin.340049","DOIUrl":"https://doi.org/10.47968/gapin.340049","url":null,"abstract":"The Coronavirus Pandemic has been one of the most devastating events mankind has been through. It remain\u0000incurable for months before a vaccine was found and a sense of relief generated in the minds of human beings\u0000around the world. The Covid-19 virus as named by W.H.O. led to lockdowns observed around the world countrywide. Countries later on came out of the lockdowns but still frequent number of coronavirus cases led to imposition\u0000of lockdowns and curfews again and again of shorter intervals. The paper aimed at discussing the root cause of\u0000greatest ever downfalls observed in the stock markets around the globe ends with a conclusion that factors like\u0000increased technology, greater awareness, connectivity, sense of fear, perception, economic expectations, etc. have\u0000been the major drivers to such sudden events.","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"357 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115939403","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Financial statements are the mirror which reflects the financial position, strength and weakness of the company. Financial statements of the company helps to know how a business is doing and how it’s useful internally for a company- stock holders and to its board of directors, its managers and some employees including labour unions, externally they are important to perspective investors, to government agencies responsible for taxing and regulating, to lenders such as banks and credit rating agencies & investment analysts & stock brokers. On the basis of financial Report here I compared the financial performance of the PHARMACEUTICAL INDUSTRY, particular CADILA HEALTH CARE and SUN PHARMACEUTICAL companies through ratio analysis. The result indicates that Cadila is doing much better on its EPS, however, one warning from the FDA got both the companies on almost the same track. Despite Cadila having higher numbers in the ratios and financials, we cannot help but notice the greater and consistent rise in the financials and ratios of Sun Pharma. Sun Pharma is consistently almost constant or rising in terms of managing its working capital, unlike Cadila which has seen some abrupt changes. Both the companies have tried to keep debt lower than its equity, hinting at the fact that pharmaceutical companies do not want timely interest obligation owing to their long cash conversion cycles and need of R&D.
财务报表是反映公司财务状况、优势和劣势的一面镜子。公司的财务报表有助于了解企业的运作情况，以及它对公司内部的用处——股东、董事会、经理和包括工会在内的一些雇员，从外部看，它们对潜在投资者、负责征税和监管的政府机构、银行、信用评级机构、投资分析师和股票经纪人等贷款人很重要。本文在财务报告的基础上，通过比率分析对医药行业的财务业绩进行了比较，特别是对cadila HEALTH CARE和SUN PHARMACEUTICAL公司进行了比较。结果表明，凯迪拉克的每股收益要好得多，然而，FDA的一个警告让两家公司几乎走上了同一条轨道。尽管卡迪拉在比率和财务上有更高的数字，但我们不得不注意到太阳制药在财务和比率上的更大和持续的上升。太阳医药在营运资金管理方面几乎一直在稳步上升，不像凯迪拉，它经历了一些突然的变化。两家公司都试图将债务保持在低于股本的水平，这暗示着制药公司由于其较长的现金转换周期和研发需求，不需要及时支付利息。
{"title":"FINANCIAL STATEMENT ANALYSIS THROUGH RATIO ANALYSIS OF SELECTED PHARMACEUTICAL COMPANIES","authors":"N. Shah","doi":"10.47968/gapin.340046","DOIUrl":"https://doi.org/10.47968/gapin.340046","url":null,"abstract":"Financial statements are the mirror which reflects the financial position, strength and weakness of the company.\u0000Financial statements of the company helps to know how a business is doing and how it’s useful internally for a\u0000company- stock holders and to its board of directors, its managers and some employees including labour unions,\u0000externally they are important to perspective investors, to government agencies responsible for taxing and\u0000regulating, to lenders such as banks and credit rating agencies & investment analysts & stock brokers. On the basis\u0000of financial Report here I compared the financial performance of the PHARMACEUTICAL INDUSTRY, particular\u0000CADILA HEALTH CARE and SUN PHARMACEUTICAL companies through ratio analysis. The result indicates that\u0000Cadila is doing much better on its EPS, however, one warning from the FDA got both the companies on almost the\u0000same track. Despite Cadila having higher numbers in the ratios and financials, we cannot help but notice the\u0000greater and consistent rise in the financials and ratios of Sun Pharma. Sun Pharma is consistently almost constant\u0000or rising in terms of managing its working capital, unlike Cadila which has seen some abrupt changes. Both the\u0000companies have tried to keep debt lower than its equity, hinting at the fact that pharmaceutical companies do not\u0000want timely interest obligation owing to their long cash conversion cycles and need of R&D.","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123213685","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Covid -19 pandemic not only affect India but it is also affected super powerful country USA, and other country like china, Italy, Brazil, Russia etc. This pandemic affects their commercial establishment, education, economy, entertainment, events, historical buildings, religions, sports, transport, exodus of migrant workers, unemployment. This paper an attempt to present the growing industries during covid-19 like a retail sector, Education sector, BSFI Sector and Medical Sector, adopting strategies and growing data find out for these industries. This study is qualitative nature based research.
{"title":"“THE INDUSTRIES GROWING DURING COVID -19”","authors":"Hemlattaben Parmar","doi":"10.47968/gapin.340040","DOIUrl":"https://doi.org/10.47968/gapin.340040","url":null,"abstract":"Covid -19 pandemic not only affect India but it is also affected super powerful country USA, and other country like china, Italy, Brazil, Russia etc. This pandemic affects their commercial establishment, education, economy, entertainment, events, historical buildings, religions, sports, transport, exodus of migrant workers, unemployment.\u0000This paper an attempt to present the growing industries during covid-19 like a retail sector, Education sector, BSFI Sector and Medical Sector, adopting strategies and growing data find out for these industries. This study is qualitative nature based research.","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"156 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114375129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The severe impact of Covid-19 has shaken the world to its core. Education institution were temporarily closed in an attempt to contain the spread of covid-19 pandemic, as the consequence of which learners ranging from school going children to post graduate students were affected. Educational institution in India is currently based on traditional methods of learning that is face to face learning in classroom. Few have started moving towards the blended system of learning. This pandemic challenged the education sector and is forced to move towards the e – learning. There has been a significant surge in usage of Technology such as audio, video, computer, tablets , mobile devices, blogging, webcams, whiteboards, screen casting etc in learning since Covid-19. The paper focuses on will this e-learning mean for the future, will it make part of new-normal. It studies the advantages such as cost reduction, increase convenience and flexibility, improves employee knowledge, ease of content update and disadvantages such as requirement of self-discipline and time management skills, diminished social interaction, not suitable for every topic, lack of practice based learning, reliance on technology etc of e-learning. Further it studies the challenges ranging from learner’s issues, educators issue and content issues, challenges for institution to engage students and make them participate in teaching –learning process, challenges by teacher to move from offline mode to online mode, the lack of standard for quality, quality control, development of e-resource and econtent delivery ,it highlights the stipulations by government regulating e-learning, barriers in its implementation, ensuring the digital equity. Finally it ends with the conclusions and suggestions, how e-learning can be made best efficient in this time of corona era.
{"title":"A REVIEW ON EFFICACY OF E-LEARNING DURING PANDEMIC CRISIS","authors":"Heena Makhija","doi":"10.47968/gapin.34001","DOIUrl":"https://doi.org/10.47968/gapin.34001","url":null,"abstract":"The severe impact of Covid-19 has shaken the world to its core. Education institution were temporarily closed in an\u0000attempt to contain the spread of covid-19 pandemic, as the consequence of which learners ranging from school\u0000going children to post graduate students were affected. Educational institution in India is currently based on\u0000traditional methods of learning that is face to face learning in classroom. Few have started moving towards the\u0000blended system of learning. This pandemic challenged the education sector and is forced to move towards the e –\u0000learning. There has been a significant surge in usage of Technology such as audio, video, computer, tablets , mobile\u0000devices, blogging, webcams, whiteboards, screen casting etc in learning since Covid-19. The paper focuses on will\u0000this e-learning mean for the future, will it make part of new-normal. It studies the advantages such as cost\u0000reduction, increase convenience and flexibility, improves employee knowledge, ease of content update and\u0000disadvantages such as requirement of self-discipline and time management skills, diminished social interaction, not\u0000suitable for every topic, lack of practice based learning, reliance on technology etc of e-learning. Further it studies\u0000the challenges ranging from learner’s issues, educators issue and content issues, challenges for institution to\u0000engage students and make them participate in teaching –learning process, challenges by teacher to move from\u0000offline mode to online mode, the lack of standard for quality, quality control, development of e-resource and econtent delivery ,it highlights the stipulations by government regulating e-learning, barriers in its implementation,\u0000ensuring the digital equity. Finally it ends with the conclusions and suggestions, how e-learning can be made best\u0000efficient in this time of corona era.","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125261452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In today’s era all the countries are interlinked with the web of globalization. Which means a small jerk in the foreign country leads to the great impact on the domestic country. The same incident happened in the history; better known as global crisis of United States of America. The crisis On Sept. 15, 2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman's bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide. Lehman's demise also made it the largest victim of the U.S. subprime-mortgage-induced financial crisis that swept through global financial markets in 2008. Lehman's collapse was a seminal event that greatly intensified the 2008 crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008 – the biggest monthly decline on record at the time. In this paper an attempt is made to represent India being a part of globalization experienced what kind of impact on its manufacturing, agriculture and service sector.
{"title":"“EVALUATE THE EFFECT OF GLOBAL RECESSION ON\u0000LEADING AGRICULTURE, MANUFACTURING AS WELL\u0000AS SERVICE SECTORS OF INDIA\"","authors":"S. Shaikh","doi":"10.47968/gapin.320021","DOIUrl":"https://doi.org/10.47968/gapin.320021","url":null,"abstract":"In today’s era all the countries are interlinked with the web of globalization. Which means a small jerk in the foreign country leads to the great impact on the domestic country. The same incident happened in the history; better known as global crisis of United States of America. The crisis On Sept. 15, 2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman's bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide. Lehman's demise also made it the largest victim of the U.S. subprime-mortgage-induced financial crisis that swept through global financial markets in 2008. Lehman's collapse was a seminal event that greatly intensified the 2008 crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008 – the biggest monthly decline on record at the time. In this paper an attempt is made to represent India being a part of globalization experienced what kind of impact on its manufacturing, agriculture and service sector.","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"253 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116069285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"LITTLE MAGAZINES IN INDIA AND EMERGENCE OF DALIT LITERATURE","authors":"P. Oza","doi":"10.47968/gapin.230070","DOIUrl":"https://doi.org/10.47968/gapin.230070","url":null,"abstract":"","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"632 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133817624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"MULTIPLE, SHIFTING AND CONTESTED: DALIT WRITINGS AND DR. AMBEDKAR TODAY","authors":"P. Oza","doi":"10.47968/gapin.230071","DOIUrl":"https://doi.org/10.47968/gapin.230071","url":null,"abstract":"","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114203567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Engaged Buddhism refers to Buddhists who are seeking ways to apply the insights from meditation practice and dharma teachings to situations of social, political, environmental, and economic suffering and injustice. The Non-duality of Personal and Social Practice is making such engagement possible even today. Buddhist teachings themselves as the restrictive social conditions within which Asian Buddhism has had to function. To survive in the often ruthless world of kings and emperors, Buddhism needed to emphasize its otherworldliness. This encouraged Buddhist institutions and Buddhist teachings (especially regarding karma and merit) to develop in ways that did not question the social order. In India today, Modern democracy and respect for human rights, however imperfectly realized, offer new opportunities for understanding the broader implications of Buddhist teachings. Furthermore, while it is true that the post/modern world is quite different from the Buddha‟s, Buddhism is thriving today because its basic principles remain just as true as when the Buddha taught them. A classic case of engaged Buddhism in India is discussed in this paper which deliberates on the Dalit- Buddhist equation in modern India. For Dalits, whose material circumstances were completely different from the higher castes, the motivation continually remained: to find out concerning suffering and to achieve its finish, in every person‟s life and in society. Several of them have turned to Dhamma in response to the Buddha‟s central message concerning suffering and therefore the finish of suffering. Previously lower-caste Hindus, the Indian Buddhists in Nagpur regenerate under the political influence of Babasaheb Ambedkar, the author of India‟s constitution, to denounce caste oppression. They became Buddhist for political and religious reasons, and today, the implications of their actions still unfold in some ways. Their belief in the four seals of Buddhism – • All physical things are impermanent, • All emotions are the reasons for pain, • All things don't have any inherent existence and • Nirvana is the moderation in life, Have created them renounce the atrocities and injustice of Hindu savarnas that were carried on since last several centuries.
{"title":"ENGAGED DHAMMA AND TRANSFORMATION OF DALITS- AN EGALITARIAN EQUATION IN INDIA TODAY","authors":"P. Oza","doi":"10.47968/gapin.230072","DOIUrl":"https://doi.org/10.47968/gapin.230072","url":null,"abstract":"Engaged Buddhism refers to Buddhists who are seeking ways to apply the insights from meditation practice\u0000and dharma teachings to situations of social, political, environmental, and economic suffering and injustice.\u0000The Non-duality of Personal and Social Practice is making such engagement possible even today. Buddhist\u0000teachings themselves as the restrictive social conditions within which Asian Buddhism has had to function. To\u0000survive in the often ruthless world of kings and emperors, Buddhism needed to emphasize its\u0000otherworldliness. This encouraged Buddhist institutions and Buddhist teachings (especially regarding karma\u0000and merit) to develop in ways that did not question the social order. In India today, Modern democracy and\u0000respect for human rights, however imperfectly realized, offer new opportunities for understanding the\u0000broader implications of Buddhist teachings. Furthermore, while it is true that the post/modern world is quite\u0000different from the Buddha‟s, Buddhism is thriving today because its basic principles remain just as true as\u0000when the Buddha taught them.\u0000A classic case of engaged Buddhism in India is discussed in this paper which deliberates on the Dalit- Buddhist\u0000equation in modern India. For Dalits, whose material circumstances were completely different from the\u0000higher castes, the motivation continually remained: to find out concerning suffering and to achieve its finish, in\u0000every person‟s life and in society. Several of them have turned to Dhamma in response to the Buddha‟s\u0000central message concerning suffering and therefore the finish of suffering.\u0000Previously lower-caste Hindus, the Indian Buddhists in Nagpur regenerate under the political influence of\u0000Babasaheb Ambedkar, the author of India‟s constitution, to denounce caste oppression. They became Buddhist\u0000for political and religious reasons, and today, the implications of their actions still unfold in some ways.\u0000Their belief in the four seals of Buddhism –\u0000• All physical things are impermanent,\u0000• All emotions are the reasons for pain,\u0000• All things don't have any inherent existence and\u0000• Nirvana is the moderation in life,\u0000Have created them renounce the atrocities and injustice of Hindu savarnas that were carried on since last\u0000several centuries.","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126619947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Activity based costing is a system of allocating overheads to jobs, processes or products on the basis of activities responsible for such expenses, instead of the traditional system, so that true and logical cost is obtained. According to traditional system, firstly the overheads are apportioned over various departments on some basis and then they are absorbed to the individual product on the basis of direct wages or direct labour hours or direct machine hours etc. Suppose factory overheads are absorbed on the basis of machine hours, this is not logical, because all factory overheads are not dependent on machine hours and so the overheads allocated are incorrect and consequently the total cost and selling price based on such costs are all incorrect and illogical, which may put business into trouble. The overheads are absorbed under Activity Based Costing on the basis of activities giving rise to overheads, e.g. to allocate the expenses of procurement of goods, it can be divided into three activities like placing an order, receipts and inspection, storage etc. The total overheads of all three activities are ascertained and are absorbed to various jobs, processes or products in proportion to the services which they received from these activities, e.g. the inspection cost is absorbed on the basis of number of times the product is inspected, cost of placing an order is allocated on the basis of number of times the orders were placed etc.
{"title":"ACTIVITY BASED COSTING – A TOOL OF ACCURATE COSTING","authors":"Cma Nishith Parikh, D. G. Japee","doi":"10.47968/gapin.12009","DOIUrl":"https://doi.org/10.47968/gapin.12009","url":null,"abstract":"Activity based costing is a system of allocating overheads to jobs, processes or products on\u0000the basis of activities responsible for such expenses, instead of the traditional system, so that\u0000true and logical cost is obtained. According to traditional system, firstly the overheads are\u0000apportioned over various departments on some basis and then they are absorbed to the\u0000individual product on the basis of direct wages or direct labour hours or direct machine\u0000hours etc. Suppose factory overheads are absorbed on the basis of machine hours, this is not\u0000logical, because all factory overheads are not dependent on machine hours and so the\u0000overheads allocated are incorrect and consequently the total cost and selling price based on\u0000such costs are all incorrect and illogical, which may put business into trouble. The overheads\u0000are absorbed under Activity Based Costing on the basis of activities giving rise to overheads,\u0000e.g. to allocate the expenses of procurement of goods, it can be divided into three activities\u0000like placing an order, receipts and inspection, storage etc. The total overheads of all three\u0000activities are ascertained and are absorbed to various jobs, processes or products in\u0000proportion to the services which they received from these activities, e.g. the inspection cost\u0000is absorbed on the basis of number of times the product is inspected, cost of placing an order\u0000is allocated on the basis of number of times the orders were placed etc.","PeriodicalId":186868,"journal":{"name":"GAP iNTERDISCIPLINARITIES - A GLOBAL JOURNAL OF INTERDISCIPLINARY STUDIES","volume":"204 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122592818","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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