Duties of Partner
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:
Cost Driver: Any factor which causes a modification in the cost of an action or output. For illustration, the quality of portions received by an activity, or the degree of complexity of tax returns to be evaluated by the IRS.
Write a short note on the relationship between risk and return?
What is the maximum and minimum number of partners in each and every type of partnership? Answer: There must be at least two persons to build a Partnership. The maxi
What are the various modes that the strategic management process can be approached?
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Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
Briefly illustrate the general role of accounting?
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
What are the various Calls in Arrears? Describe it.
What do you mean by the term balancing risk and return? Explain in brief?
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