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Fiscal policy
...e effects on the national income, production and employment.Objectives of fiscal policy:The objectives of fiscal policy may be regarded as follows;1. To achieve desirable price level:The stability of general prices is necessary for economic stability. The maintenance of a desirable price level has good effects on production, employment and national income. Fiscal policy should be used to remove; f.... 
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Kinds of partners
...Types of Partners The partners of a firm are broadly divided into three main categories. (1) General Partners.(2) Special Partners. (3) Other Partners.(1) General PartnersBasically all the partners of a firm are general partners. General partners we those whose liability is unlimited in the f General partners are of two types (a) Active partner, and (b) Sleeping partner. (a) Active Partner A partn.... 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
Business organization nature and scope
...ofit. 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 organization is the determining and providing of necessary raw materials, .... 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
...eque cannot be paid on the counter of the drawee bank. It will be deposited in the account of a person in whose order or favor it is drawn.Kinds of crossingLegally there are two kinds of crossing (a) General Crossing and (b) Special Crossing.(a) General Crossing. The drawing up of two simple parallel transverse lines on the face of the cheque at the top left hand corner with or without the words &.... Read
Mutual duties rights and liabilities of partners in the absence of partnership agreement
... rule of the Partnership Act, 1932, will apply. In the absence of a written partnership agreement, the mutual rights and duties of partners shall be governed by the Partnership Act which isas follows.General Duties of Partners Partnership Act describes the general duties of partners as under: “Partners are bound to carry on the business of the firm to the greatest common advantage, to be just an.... Read
Phpbb customization and phpbb application development
...m 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 application development finest assured service as the task demands professionals with experien.... 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
...rchasing 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 change in the money supply directly affects the general price level and the value of money inversely in the same proportion In Fisher s words, “Other t.... Read
Partnership agreement deed
...What is Partnership Deed? Partnership agreement in writing is called partnership deed. Partnership deed is a document which is signed by all the partners and which contains all the matters determining and governing the mutual rights, duties and liabilities of the partners in the conduct and management of the affairs of the partnership. It may also be referred to as articles of partnership” conta.... 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
25th wedding anniversary gift ideas for silver jubilee celebration of the couple
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Wedding anniversary is another Valentines Day of the year for the married couples. In fact, while discussing about the 25th wedding anniversary gift and the Valentines Day gifts, it has been found that both of them follow the same factors to be determined while selecting the best one. The couples always try to pick up something that can exhibit the care and love for their partner. Basically, the.... Read
Role of commercial banks in the economic development of a country
...t also provide stream of resources necessary for economic development.(2) Investment in new enterprises. Businessmen normally hesitate to invest their money in risky enterprises. The commercial banks generally provide short and medium term loans to entrepreneurs to invest in new enterprises and adopt new methods of production. The provision of timely credit increases the productive capacity of the.... Read
Kinds of inflation
...KINDS OF INFLATIONInflation is of different types. It is generally classified on the following basis:(1) On the Basis of Rate of inflationInflation on this basis is grouped as (i) Creeping inflation (ii) Walking inflation (iii) Running inflation and (iv) Hyper inflation.(i) Creeping inflation. is a situation in which the rise in general price level is at a very slow rate over a period of time. Und.... Read
Reconstitution of partnership or admission and withdrawal of partners in a firm
...(1) Admission of a New Partner According to the Partnership Act, no new partner can be taken in a firm without the consent of all the existing partners. The new partner when admitted is called ‘incoming partner’. An incoming partner is not liable for any act of the firm done before he became a partner.2. According to Section 31 of the Partnership Act, subject to contract between the partners a.... Read
Importance of money market
...country to borrow funds through the sale of Treasury bills at low rate of interest The government thus would not go for deficit financing through the printing of notes and issuing of more money which generally leads to rise in an increase in general prices.(viii) Proper allocation of resources: In the money market, the demand for and supply of loan able funds are brought at equilibrium The savings.... Read
How to recover powerpoint 2007 password
...et a password to allow others to modify the presentation.
1. Click the Microsoft Office Button , click Save As, and on the bottom of the Save As dialog, click Tools.
2. On the Tools menu, click General Options. The General Options dialog opens.
3. Under File sharing settings for this document, in the Password to modify box, type a password.
4. In the Confirm Password dialog, re-type the .... Read
Kinds of endorsement
...gned by the transferor called as endorser.(2) There must be a person to whom endorsement is to be made called endorsee.
Kinds of endorsementThe main types of endorsements are as under:--(1) Blank or general endorsement. If the holder of the instrument signs his name only and delivers it to the endorsee, it is called general or blank endorsement.
Sd. Abdul Rashid(2) Full endorsement. It contains .... Read
