1.In accounts what are rates and taxes? ( taxes i know but what are rates?)
2. In operating costing we do calculation like:-
standard costing:-
depreciation
rent
variable expenses:-
power etc
can we combine all these expenses in exam(i mean without wrting standard and variable expenses seperately)?
Rates means any amount payble to Government...
Regarding your 2nd answer, In OPERTATING COSTING & OVERHEADS, try to subdivide the expenses, though some exp are confusing many times. But marks may be deducted for not classifying standing and variable exp
And remember many exp could come in both sub heads( it depends on nature of business)ect
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