Reasons for favoring partnership deed
Give reasons in favor of having a partnership deed. Answer: A) In situation of any dispute or doubt, Partnership deed is the guiding document.B) It can state the duties and powers of each and every Partner.
Give reasons in favor of having a partnership deed.
Answer:
A) In situation of any dispute or doubt, Partnership deed is the guiding document.B) It can state the duties and powers of each and every Partner.
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
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
What does the difference between management accounting and financial accounting suggest?
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Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
The first section of the statement of cash-flow. Cash flows from operating activities include transactions (involving cash) that relate to the normal busi- ness activities of the entity. Cash-flows in this section usually involve cash and other current asset or curren
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
What are the various modes that the strategic management process can be approached?
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Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
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