Management Accounting Short Note-'Industrial sickness and its causes'
Posted by Ripon Abu Hasnat on Wednesday, December 16, 2015 | 0 comments
Industrial sickness is defined as"an industrial company which has, at the end of any financial year, accumulated losses equal to, or exceeding, its entire net worth and has also suffered cash losses in such financial year and the financial year immediately preceding such financial year".
Internal causes for sickness:
1) Lack of finance;
Internal causes for sickness:
1) Lack of finance;
2) Bad production policies; 3) Marketing and Sickness;
4) Inappropriate personnel management;
5) Ineffective Corporate management
External causes for sickness:
1) Personnel Constraint;
External causes for sickness:
1) Personnel Constraint;
2) Marketing Constraint;
3) Production Constraint;
4) Finance Constraint;
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