Working areas of the Finance department
Write a short note on the main working areas of the Finance department?
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The Finance department is mainly responsible for managing the cash-flows, borrowing, utilization of surplus funds, payment of salaries and wages, billing and collecting charges to the customers, processing invoices from the suppliers and paying suppliers.
Partnership: Whenever two or more persons enter into an agreement to take on business and share its gain and losses, it is a condition of partnership. It can also define as: "Partnership is the relation among persons and who have granted to share the
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From the books of Aggarwal Bors, the following information have been extracted: Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% The firm is proposing to buy a new plant which can generate additional annual profit of Rs. 10,000. The fixed
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