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Blog Entry# 1557670
Posted: Aug 04 2015 (17:42)
2 Responses
Last Response: Aug 04 2015 (18:00)
2 Responses
Last Response: Aug 04 2015 (18:00)
IR Affairs
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Courtesy Charles Dickens we have the cliched Micawber Principle: “Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds,...
1 Public Posts - Tue Aug 04, 2015
Respected Sir,
Management Accounting was my subject in Graduation and Post Graduation. As per the concept of Management Accounting the higher is the Operating Ratio the more is the Cost and less is the revenue and the Lower is the Operating Ratio is the reverse process. Now recently there is a news that IR's operating ratio is improved by 91.3% the correct interpretation of this as per the principles of management accounting is if your income is Rs 100 then your expenditure is Rs 91.30. So savings is only Rs 8.70. (I don't know how they comment that Operating Ratio has been improved in the News)
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Management Accounting was my subject in Graduation and Post Graduation. As per the concept of Management Accounting the higher is the Operating Ratio the more is the Cost and less is the revenue and the Lower is the Operating Ratio is the reverse process. Now recently there is a news that IR's operating ratio is improved by 91.3% the correct interpretation of this as per the principles of management accounting is if your income is Rs 100 then your expenditure is Rs 91.30. So savings is only Rs 8.70. (I don't know how they comment that Operating Ratio has been improved in the News)
Now...
more...