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:
Give circumstances in which the fixed capital of partners might change. Answer: Two circumstances in which the fixed capital of Partners might change are as follows:
Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.
Explain Management accounting as an information system in brief?
What are the main reasons that the operation of business environment has become ever more turbulent and competitive?
Significant costs associated with the disposal of asset. Accounting for asset retirement obligations requires estimating the cost and discounting estimate. The present value added to the asset's depreciable base and a liability is recorded for the obligation. Every year, interest expense is added
What do you mean by the term Mission statements? Briefly describe it.
Normal 0
Write down a short note on the benefit of economic in accounting management information?
Job Order Costing: A technique of cost accounting which accrued costs for individual jobs or lots. A job might be a service or manufactured item, like the repair of tools or the treatment of a patient in the hospital.
18,76,764
1926699 Asked
3,689
Active Tutors
1453682
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!