Deficiency of a partnership deed
In the deficiency of a partnership deed, how are mutual relations of partners managed? Answer: In the absence of Partnership deed, the mutual relations are managed by the Partnership Act, 1932.
In the deficiency of a partnership deed, how are mutual relations of partners managed?
Answer: In the absence of Partnership deed, the mutual relations are managed by the Partnership Act, 1932.
A plan for the cash coming into and going out of a business. Based on the sale forecast, the timing and amounts of cash receipts. Based on forecast of resources necessary to meet the sale forecast, management budgets the cash disbursements. This proc
Write down a short note on the influence of manager’s behavior in management accounting information?
Write a short note on selecting strategic options and formulating the plans?
An income statement item that represents the difference between the actual cash amount and an accounting measure of how much cash there should be. The most common example exists in a retail situation where the cash in the cash register is compared to the register tape
What do you mean by the term position analysis in a business? Briefly illustrate it.
The duties of each partner: The partners are beneath a fiduciary duty towards one another to: Render true accounts; Account for private gains; and Refrain from competition with the partnership firm.
What do you mean by the term Understandability which is accounting information?
Write down a short note on determining costs and benefits in decision making process?
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
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