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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.... 
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Fiscal policy
...s. Fiscal policy is an important instrument in the modern time. According to Arther Simithies fiscal policy is a policy under which government uses its expenditure and revenue programme to produce desirable effects and avoid undesirable 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 desi.... Read
Ideal solution for credit shortage
... What can a person do if he finds that his wallet has become deflated within 15 to 20 days of a calendar month? What can he do if he does not get positive response after he has approached his nearest friends and dearest relatives? This is just what happens in the life of the salaried men and women in UK. They look for instant funding from any source possible. Instant payday loans no credit rating .... 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
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
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
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
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
The phases of business cycle
...What is business cycle?A business cycle ‘is a short term picture of the behavior of real output in a private enterprise economy Business cycle refers to upturn and downturn in the level of economic activity that extends over a period of time’. The business fluctuations occur in aggregate variable such as national income, employment and price level. The variables nearly move at the same time an.... Read
Advantages of auditing
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ADVANTAGES OF AUDITING
We can divide the advantages of audit into the following main heads.
1. TO THE GOVERNMENT
2. TO BUSINESS
a. TO SOLE PROPRIETOR SHIP.
b. TO PARTNERSHIP.
c. TO COMPANY.
3. TO PUBLIC
1. TO THE GOVERNMENT
The following are the main advantages that a government has received from auditing.
A. ASSESSMENT OF TAXES
If a business is audited, the tax author.... Read
Functions of state bank of pakistan
...The functions of State Bank of Pakistan are governed by the State Bank of Pakistan Act, 1956. In order to discharge its duties efficiently and successfully some of the functions which involved public dealing have been transferred to State Bank of Pakistan Banking Services Corporation from Jan., 2, 2002. The State Bank of Pakistan will continue performing its four basic functions (i) Framing and op.... Read
Balance of payments theory of exchange rate
...BALANCE OF PAYMENTS THEORY OF EXCHANGE RATE ORMODERN THEORY OF EXCHANGE RATEThe balance of payments theory of exchange rate is also named as ‘General equilibrium theory of exchange rate. According to this theory, the exchange rate of the currency of a country depends upon the demand for and supply of foreign exchange. If the demand foreign exchange is higher than its supply, the price of foreign.... Read
Govt plans low rates home loans for paramilitary personnel
...In an attempt to make home ownership easier for paramilitary personnel, the Central government is planning to launch a scheme under which home loans are made available to them at concessional rates. “The scheme will allow a soldier from a paramilitary force to avail cheaper home loans at least two years prior to his retirement,” a senior home ministry officer told Hindustan Times.
The offici.... Read
Causes of trade cycle summarized
...CAUSES OF TRADE CYCLE (SUMMARIZED)The real growth of the economy involves cyclical fluctuations. Wave like movements in economic activity over a period of time are caused due to a number of factors. These causes, factors or theories can be classified as external and internal.(A) External CausesThe external causes are those which find the root of the expansion and contraction in economic activity o.... Read
Role of commercial banks in the economic development of pakistan
...Banks play an important role in the economic development of a country. It the banking system is unorganized and inefficient, it creates maladjustments and impediments in the process of development. In Pakistan, the banking system is very well organized. The State Bank of Pakistan established on July 1, 1948 stands at the apex and is responsible for the operation of the banking system in Pakistan. .... Read
Laptops on finance no deposit for bad creditors
...In these days, laptops have become the necessity than of luxury. For purchasing a laptop, an abundant amount is required. Laptops have acquired an appropriate place among almost all the sectors of industry like business, schools, offices, shopping malls, hospitals, companies, and firms etc. Financing a laptop is much affordable for good creditors but bad creditors have to face slightly complicatio.... Read
Payday loans new zealand option for emergency finance
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Payday loans New Zealand are a kind of instant cash which the lenders pay against the borrower's paycheck of the next month. It is clear from the phrase 'Payday loans New Zealand' that this kind of loans are for the citizens of New Zealand only. People of New Zealand, like their counterparts all over the world, have been affected by the global recession. This is one of the reasons for which t.... Read
Special types of individual customers
...SPECIAL TYPES OF INDIVIDUAL CUSTOMERSThe special types of individual customers of the commercial banks are (i) Minor (ii) Lunatic (iii) Drunkard (iv) Married Women (v) Purdah Observing Women and (vi) Illiterate persons. The relationships between the bank and the special type of individual customers are governed by the legal rules enforced in the country.(1) Minor:A person who has not attained the .... Read
Hawtreys monetary theory of business cycles
...Ralph G. Hawtrey presented his explanation of “business cycles” in 1926. According to him, changes in money supply are the major source of fluctuations in the business activity. Due to this reason his theory of business cycles is termed as the monetary theory.” Non-monetary factors such as floods, drought, earthquake, wars, strikes etc., can cause partial depression, but the general depressi.... Read
