Describe fluctuating capital of partners
Describe fluctuating capital of partners? Answer: Partner‘s capital is stated to be fluctuating if capital modifies with every transaction in the capital account. For illustration, drawing, credit of interest, and so on.
Describe fluctuating capital of partners?
Answer: Partner‘s capital is stated to be fluctuating if capital modifies with every transaction in the capital account. For illustration, drawing, credit of interest, and so on.
ACCOUNTING CONCEPTS: Presented below are basic accounting principles or concepts, with which hospital managers should be familiar and that they should understand i
Write a short note on the relationship between risk and return?
State some contents of a partnership deed. Answer: A) Name of the firm.B) Name and complete address of the Partners.C) The date of formation and period of Partnership.D) Ratio in which gain or loss
Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three
What do you understand by the terms partners, firm and firms name? Answer: The persons who have entered into a Partnership with each other are individually termed 'P
What do you mean by the term key performance indicators or KPI? Explain in brief?
List the items that might appear on the debit side and credit side of a partner's fluctuating capital account. Answer: On debit side: Drawing, interest on drawing, c
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Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
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