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Objectives of business
... believed that the main objective of business is ta make profit and avoid loss. We do admit that profit is a driving force in undertaking any business activity but it is not the sole objective of any business. In the words of Urwick “earning of profit cannot be objective of a business any more than eating is the objective of living” . A business which is hunting after profits and ignores other.... 
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Sole proprietorship and its characteristics
...y, it appears that business started first with this form of organization. It is the simplest and natural type of organization. Sole proprietorship is also called individual proprietorship, or one man business. Sole proprietorship is a form of business organization in which an individual introduces his own capita), uses his own skill and intelligence in the management of its affairs, assumes all th.... Read
Kinds of partners
... the agreement signed. (b) Nominal Partner nominal partner lends his name for the goodwill and credit worthiness to the firm. He neither contributes capital nor takes active part in the management of business. Such partners are called nominal partners. Nominal partners are liable for the debts of the firm.(c) Minor Partner Partnership is a contract and a contract with minor is void. Under Section .... Read
Importance of business in the present day world
...kes the best possible use of scarce resources such as men, machines and materials for the production of goods. The importance of business can be judged from the following activities undertaken by the business. 1. Production of goodsThe raw material producing industries such as agriculture, mining, forestry, fishing, etc., provide raw materials for the manufacturers of consumer and producer goods. .... Read
Memorandum of association
...The first thing in the formation of a Joint Stock Company is the preparation of the Memorandum Of Association. It is a document which sets out the constitution of the company and as such, is really the foundation on which the structure of the company rests. That is why Memorandum Of Association has often been called the charter of the company in its relation to this outside world. The promoters of.... Read
Salient features or characteristics of partnership
...Definitions of Partnership. A partnership is an association of two at more persons to carry on as co owners of a business and to share its profits and losses. Section 4 of the Partnership Act defines partnership as “the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all.” ‘Persons who have entered into partnership w.... Read
10 most overlooked tax deductions
...Through deductions, American wage earners have the chance to pocket more income, rather than hand over their hard-earned cash to the government. For those who keep good records, deductions can mean more money - and less for the IRS. You probably know the most common deductions, such as deductions for property taxes and charitable donations, but there are related deductions you might be overlooking.... Read
Business organization nature and scope
...tion and distribution of goods and services with a view to earn profit. Money flowing in and earning of profit through the satisfaction of the customers are the two measuring rods of the success of a business. (2) OrganizationThe meaning of the word organization is generally divided into two parts (i) material organization and (ii) human organization. (i) Material OrganizationThe material organiza.... Read
Merits and demerits of partnership form of organization
...vantages of Partnership 1. Easy to Form The partnership, like the sole proprietorship, can be easily organized. There are no complicated legal formalities involved in the establishment of partnership business. The partners enter into a partnership agreement and start business. 2. Favourable Credit Standing The partnership enjoys a better credit rating in the eyes of creditors. As the liability 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
Mutual duties rights and liabilities of partners in the absence of partnership agreement
...he firm for any loss caused to it by his willful neglect in the conduct of the business of the firm. 4. Due Diligence Every partner shall attend honestly and carefully to his duties in the conduct of business. 5. Provision of Information is the duty of the partners to give full information about the affairs of the firm to one another. (b) Rights of a Partner According to Section 12 and 13 of the P.... Read
Phpbb customization and phpbb application development
...PHPBB is a term that refers for PHP Bulletin Board that is a well known internet forum created using PHP language. PHPBB is an influential gizmo that helps in creation of custom planned profile fields and generate custom defined Bulletin board. PHPBB is free software existing for GNU General public License. PHPBB carries highly developed interactive features.PHPBB customization & PHPBB applicati.... Read
Information about professional phpbb hosting
...dge. You can also find other sites to join using your phpbb download.
Keeping the knowledge of thephpbbin the fast passed, electronically depended world means learning to manage your own site and business. Phpbb is the basic program needed to get you up and running in numerous other web development sites. Check into the free download today and start taking control of your own life and business.... Read
The position of a minor in partnership
...A Minor Cannot Be a Partner A minor partner is a partner who is not major (not completed 18 years). A minor cannot enter into a contract according to Section 20 of Partnership Act. A contract with minor is void. Since partnership is a relation resulting from contact, therefore a minor cannot be a partner in a firm. A Minor Can Be Admitted to The Benefits of Partnership AloneA minor can be admitted.... Read
Partnership distinguished from co ownership
...Meaning of Co-Ownership Partnership and co-ownership have different meanings. In partnership, there is an association of two or more, persons who carry on common business for earning profit. They share its profits and losses as per oral or verbal agreement. Co-Ownership refers to joint ownership in a property by more than one person. If two, or more persons A 6 and C, purchase a property collecUve.... 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
...nership. 2. It defines the mutual rights, duties and liabilities of the partners. 3. It helps in minimizing the areas of disputes among the partners. 4. It serves as guidepost for the conduct of firm business.Clauses or Contents of Partnership Deed The partnership deed usually contains the following clauses. 1. Name and location of business. 2. The nature of the business. 3. The amount of capital .... Read
Prestige tranquility bangalore lavish apartments
... Prestige Tranquility Bangalore
Prestige Tranquility Bangalore is the most demanding project very soon coming in the most appealingd estination in Bangalore at off Old Madras Road. Launched by Prestige Group, Prestige Tranquility is scattered over 38 acres of terra firma with 17 high rise buildings among offer of 1/ 2 / 3 BHK apartments approximately ranging across 653 sq.ft - 2090 s.... Read
What is bolt on
...Bolt-on is an artificially intelligent, comprehensive execution system providing very specific functionality or technology to complement ERP systems. Bolt-ons employ client-specific business rules to meet unique needs. There are many useful applications of this type. The usual means of connection to other organizations with ERP systems is through software components.
Most software has historicall.... Read
One man control is best in the world
...st form of business organization. The description ‘One man business’ or ‘one man control’ is sometimes con as misleading one, as there may be more than one persons working as employees in the business. The essential condition of one man control or one man business is that it i.e. a business owned by one person, managed and operated for one’s own profit. Statute of One Ban BusinessThe one.... Read
