Define Traceability
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.
Partnership deed: Partnership deed is a written agreement including the terms and conditions agreed by all the Partners.
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
Write down a brief note on the illustrations of unethical and unacceptable actions?
Describe Provisional Entries?
Write down a short note on the Performance evaluation and control in decision making process?
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
Operating Budgets: It is a financial document which aids a business in making significant decisions regarding its actions. An operating budget does not contain instant impact on the actual state of the business and exhibits only future projections. Bu
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
A company has production facilities in several countries. Some of the products they sell are produced in stages (Raw Materials -> Pre-Assembly -> Assembly -> Finished Product) based on the technologies and materials involved (see Table 1). Q : Duties of Partner The duties of each The duties of each partner: The partners are beneath a fiduciary duty towards one another to: Render true accounts; Account for private gains; and Refrain from competition with the partnership firm.
The duties of each partner: The partners are beneath a fiduciary duty towards one another to: Render true accounts; Account for private gains; and Refrain from competition with the partnership firm.
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