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Sole proprietorship and its characteristics
...In any Case, the ultimate control rests in his hands. (3) Finance The necessary capital to run the business is provided by the sole owner. However, he may borrow from other sources such as friends or bank as need arises.(4) Risk The proprietor himself bears all the risks. No body else has any stake in the business. (5) Unlimited liability The sole trader is personally liable for debts of the busin.... 
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Importance of business in the present day world
...arning profits, provides goods to the peop’e both within and outside the country. The transport industries facilitate the movement of goods from one place to another where they are wanted. Finance, banking and insurance greaUy contribute in the financing of business. Without banks, investment and insurance companies, commerce and industry would not have deveLoped on an extensive scale. 3. Busine.... Read
Cash in advance loan know about cash loans fast
...Quick loans which are being termed as the cash loan fast or the short term loans has gained immense importance. In case of financial crunch when you cannot get a bank loan or can no more use your credit cards, then bank on the quick loans to fix your financial necessities.
As a matter of fact the cash in advance loan stand as the instant loans and these loans are given in cash which is ideall.... Read
10 most overlooked tax deductions
...f medical expenses is fairly broad and can even include such items as acupuncture and smoking-cessation programs. Conclusion The slips of paper you cram into your wallet can mean more money in your bank account come tax season. Hold on to receipts for services, and keep a file throughout the year so you have a record of even the smallest expenses you incur for business, for charity and for your .... Read
Merits and demerits of partnership form of organization
...What is partnership?Partnership is an association of two or more individuals (but not more than 20) who agree to share the profits of a lawful business which is managed and carried on either by all or by any, or some of them acting for all. According to Haney, “Partnership is the relation between persons competing to make contract who agree to carry on a lawful business In common with a view of .... Read
Types of cheques
...Types of chequesThe cheques are of two types. (i) Open cheques and (ii) crossed cheques.(i) Open Cheques. Open cheques are those cheques which are paid across the counter of the bank. Open cheques may be bearer or order cheques.(a) Bearer cheques. If a drawer orders the bank to pay a stated sum of money to the bearer it is called a bearer cheque. Any person who lawfully possesses a beaker cheque i.... Read
Partnership distinguished from co ownership
...ion of law, such as by inheritance. On -the death of father, sans and daughters become co-owners of property. 2. Number of Partners The limit for maximum number of partners is 20 in a firm and 10 for banking.There is no ceiling on the maximum limit of co owners. 3. Agency Relationship A partner is an agent of the other partners. He can bind them for his acts in the ordinary course of businessA co-.... Read
Quantity theory of money by irving fisher
...TRANSACT APPROACHIrving Fisher an American economist, put forward the Cash Transaction Approach to the quantity theory of money. He in his book The Purchasing Power of Money (1911) has stated that the value of money in a given period of time depends upon the quant t money in circulation in the economy It is the quantity of money which determines t general price level and the value of money Any cha.... Read
Partnership agreement deed
... method of preparing accounts and arrangement for audit. 16. Procedure for the dissolution of the firm and settlement of accounts. 17. Arbitration in case of disputes among partners. 18. Operation of bank account.The above items are not the final list of clauses. Any clause mutually agreed to by the partners can be Included in the agreement. If the deed is silent on any point, then the provisions .... Read
Aarkstore enterprise edp energias de portugal sa analysis across the oil and gas value chain report
... Summary EDP Energias de Portugal SA Analysis Across the Oil and Gas Value Chain is an essential source for data, analysis and strategic insight into EDP Energias de Portugal SA. The report provides key information relating to oil and gas assets of the company along with its operations across the value chain. The report examines the company’s business structure, operations and products, and pro.... Read
Role of commercial banks in the economic development of a country
...Commercial banks play an important and active role in the economic development of a country. If the banking system in a country is effective’, efficient and disciplined, it brings about a rapid growth in the various sectors of the economy. The economic significance of commercial banks is given in brief.(1) Banks promote capital formation. The commercial banks play an important role in rising of .... Read
Kinds of inflation
...e to their monopoly position raise the profit margin on goods, it may cause profit push inflation.(iv) Budgetary Inflation. When the government of a country covers the deficits in the budgets through bank borrowing. and creating new money (Deficit financing), the purchasing power of the community increases without a simultaneous increase in the production of goods. This leads to rise in the genera.... Read
Different types of bank customers
...DIFFERENT TYPES OF BANK CUSTOMERSEvery commercial bank is anxious to increase its customers. However, every one cannot be accepted as its customer. Only those persons who are competent in law to enter into a contract can be considered as customers. The bank is and should be very cautious in the selection of customers as it is to have a continued relationship with them. The customers of a bank can .... Read
Sources of bank funds
...SOURCES OF BANK FUNDSA bank is a business firm. Its main aim is to earn profit. In order to achieve this objective it provides services to the customers. It offers a variety of interest bearing obligations to the public. These obligations are the sources of funds for the bank and are shown on the liability side of the balance sheet of a commercial bank. The main sources which supply funds to a ban.... Read
Importance of money market
...IMPORTANCE OF MONEY MARKETIf the money market is well developed and broad based in a country, it greatly helps in the economic development of a country. The central bank can use its monetary policy effectively and can bring desired changes in the economy for the industrial and commercial progress in the country. The importance of money market is given, in brief, as under:(i) Financing Industry: A .... Read
Different types of laboratories
...y Laboratories: Biochemical analysis, Hormonal assays etc
Hospital Laboratories: Hospital Laboratories can be found in hospitals and the technicians perform tests on patients.
Blood Bank: Blood bank refers to a division of a hospital laboratory where the storage of blood product occurs and where proper testing is performed to reduce the risk of transfusion related events.
X-.... Read
Factors affecting working capital
...The working capital requirements of a business depends upon a number of ‘factors which in brief are as under:-(1) Nature of the business. The working capital requirements of an enterprise basically depends upon the nature of its business and operating cycle of the business. A trading concern, for instance, requires large amount of working capital for investment in stocks, receivables and cash et.... Read
Remedies of inflation
...Policy and other measures:(1) Monetary PolicyMonetary policy is a policy that influences, the economy through changes In the ‘money supply and available credit Monetary policy is adopted by central bank of a country. The various monetary measures which are used to control inflation are grouped under two heads (a) Quantitative controls (b) Qualitative controls. They are (1) Open market operations.... Read
Alibaba china ali baba group
...iness-to-business trades within China, while taobao is a consumer-to-consumer trade site for Chinese customers. The Japanese language website "Japan.alibaba.com" is for Japanese customers.Japan's Softbank was one of the earliest investors in Alibaba. Its founder, Masyoshi Son, invested $18 million in the company in 2000 and also participated in subsequent rounds of financing. On August 11, 2005, Y.... Read
Payday loans new zealand option for emergency finance
... managing marriage ceremony in the family. Citizens of New Zealand are entitled for payday loans New Zealand. It is a must that they have completed 18 years of age. They must have active and valid bank account. Their monthly income must be at least $1500. The lenders are ready to pay an amount between $100 and $1500. They ask the borrowers to pay back the loan amount within 14 to 31 days. Eve.... Read
