What is Service
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
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What do you mean by the term changing business landscape?
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
What is the various information that a manager need to make a decision?
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
Managerial Cost Accounting System: The organization and processes, whether automated or not, and whether portion of the general ledger or stand-alone, which accumulates and reports constant and trustworthy cost information and perform
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.
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
Describe fluctuating capital of partners? Answer: Partner‘s capital is stated to be fluctuating if capital modifies with every transaction in the capital accou
Cash Management: Cash Management is the management of cash balances of a concern in such a way as to maximize the accessibility of cash not invested in inventories or fixed assets and to ignore the risk of insolvency. According to Keynes there are thr
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