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.
Explain the term fixed capital of partners? Answer: Partners' capital is state to be fixed if the capital of Partners remains unchanged except in the situation where
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Write down a short note on the developing objectives and plans in decision making process?
Choose the right answer from following. Which one did not contribute to the large Federal budget deficits in the year of 2002 and 2003? A) spending on the wars in Afghanistan and Iraq. B) low interest rates. C) Federal tax cuts. D) the recession of 2001 and its afterm
What do you mean by the term SWOT analysis? Explain in brief?
What do you mean by the term position analysis in a business? Briefly illustrate it.
Meaning of Reconstitution: Any alter in agreement of partnership is termed as reconstitution of partnership firm. In following circumstances a partnership firm might be reconstituted: A) Alter in Profit Sharing Rat
What do you mean by the term Comparability which is accounting information?
Write a brief note on the things which Weaknesses comprises?
Why most of the larger businesses are not managed as the single unit through one manager?
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