Comparison of actual physical inventory and book value Sometimes there is a difference between the actual physical inventory and book stock of a particular item. the causes of difference are as under: 1. Change in volume...

The Classical Kitchen Brigade As you learned earlier in this chapter, one of Escoffier’s important achievements was the reorganization of the kitchen. This reorganization divided the kitchen into departments, or stations, based on the kinds...

Off Premises Catering OFF PREMISES CATERING:- Off-premises catering has always been a specialized business. It is the service of meals in offices, clubs, canteens and also in individual homes. In this reference, premises means the...

WHISKEY DEFINITION- Whiskey is a spirit made by fermenting and distilling grain. By long standing tradition, Scottish distillers spell the name of the spirit as “WHISKY” and the Irish distillers spell their spirit as “WHISKEY”....

The Cost Indifference Point A cost indifference point is the point at which total cost (fixed and variable) of two alternatives under consideration is the same. A company may have two methods available for production...

Bengali Cuisine HISTORY: 1)  A distinct culinary tradition emerged in Bengal based on the availability of local ingredients. The great river systems, heat and humidity combine with the fertile soil to allow rice and an abundance...

Italian wine is one of the most difficult regions to get to know. At the moment, there are about 350 official Italian wine varieties. Italy produces a huge amount of table wine, Vermouth, and cooking...

What is Funds Flow Statement: Meaning & How to Prepare Funds Flow Statement is a statement prepared to analyse the reasons for changes in the Financial Position of a Company between 2 Balance Sheets. It...