Define Expense
Expense: The Outflow or other using up of resources or acquiring liabilities (or a combination of both), the advantages from which exert to an entity's operations for the present accounting period, however they do not expand to future periods.
Give circumstances in which the fixed capital of partners might change. Answer: Two circumstances in which the fixed capital of Partners might change are as follows:
What do you mean by the term position analysis in a business? Briefly illustrate it.
What is the maximum and minimum number of partners in each and every type of partnership? Answer: There must be at least two persons to build a Partnership. The maxi
What are Aging of Accounts? Briefly illustrate it.
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Cost: The monetary value of resources employed or liabilities or sacrificed incurred to attain an objective, such as to obtain or make a good or to execute an activity or service.
Write a short note on the main working areas of the coach maintenance department?
Write a short note on the key areas which business objectives want to achieve?
Job Costing: It is an order-specific costing method, utilized in situations where each job is distinct and is executed to the customer's specifications. Job costing includes keeping an account of direct and in-direct costs. Q : Define Partnership deed Partnership Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
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