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.
Corporate Tax: It is a levy placed on the gain of a firm, with different rates employed for various levels of gains. Corporate taxes are the taxes against profits earned by businesses throughout a given taxable period; they are usually applied to comp
The final payment in a partially amortized loan. The balloon payment repay the entire remaining principal and is usually larger than previous payments on the loan. Loan that is set up with balloon payments allow the borrower to make the purchase and have a lower payme
What do you mean by the term Comparability which is accounting information?
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
Briefly define how useful is the management accounting information is?
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Explain Management accounting as an information system in brief?
Describe the provision of 'Indian partnership Act 1932‘concerning sharing of profits in lack of any provision in partnership deed. Answer: In the lack of any p
What does the difference between management accounting and financial accounting suggest?
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). Discover Q & A Leading Solution Library Avail More Than 1416655 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1923397 Asked 3,689 Active Tutors 1416655 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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