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Functions of money
...are expressed in terms of money. Money is like the yard stick of cloth merchant, as yard-stick measures all varieties of cloth, money measures the value of all varieties goods. This function of money makes transactions easy and also fair3. Standard of Deferred Payment:In a money economy the contracts are made for future payments terms of money instead of goods and promise to repay the loan in mone.... 
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Objectives of business
...Objectives of Business means the purpose for which the business is established. It is generally 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 eat.... Read
Barter system
...nge can take place between two persons only if each possesses the goods which the other wants e.g., if a weaver needs shoes and he has cloth to offer in exchange he should not only find a cobbler who makes shoes, but find such cobbler who needs cloth and is prepared to give shoes in exchange for it. In this case, it was difficult to find such a person.2. Absence of Standard Value:Under barter syst.... Read
Fiscal policy
...Defination of Fiscal Policy:Fiscal policy is an additional method to determine public revenue and public expenditure. In the recent years importance of fiscal policy has increased due to economic fluctuations. 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 prod.... Read
Kinds of partners
...er by estoppel would, however, not be entitled to any right like other partners in the business. For example Mr. Hamid is a rich man and is not a partner in a firm named Three Star Carpets. Mr. Hamid makes a false statement to Mr. Rauf, that he is a partner of the firm Three Star Carpets. On this impression Mr. Rauf sells carpets worth Rs. one million to “Three Star Carpets” on credit. The fir.... Read
Importance of business in the present day world
...ices to customers. These products or services in the present day world are provided by entrepreneurswho organize, manage and assume the risk of starting businesses mainly for earning profit. Business makes 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 th.... Read
Memorandum of association
...ivities of the company. In the object clause each and every detail of activities of the business to be carried out must be laid down. Once the object clause is completed, it becomes very difficult to make any amendment. The value of the shares, the allotment money must be given in detail. Memorandum Of Association 3. Situation Clause:This act provides that the company must have a registered offic.... Read
Ignou bed admission 2011
...IGNOU has structured its B.Ed 2011 especially for students to make them experiences and strengthen the professional competencies of in-service teachers. To imbibe knowledge and develop an understanding of the various methods and approaches of organizing learning experiences of secondary school students. To develop skills required in selecting and organising learning experiences. To understand.... Read
10 most overlooked tax deductions
...internet access to research information. When you pay a surcharge to stay connected, such as for hotel phone calls or coffee shop internet access, count that fee toward your miscellaneous deductions. Make sure to get itemized bills from your hotel and receipts of your networking transactions so you have solid records. And no, you can't charge for the vanilla latte that kept you awake through your .... Read
Business organization nature and scope
...rious departments of production. (5) Use of Skilled Salesman It is useful in providing skilled salesman for satisfying the various needs of the customers. (6) Quick DecisionsThe business organization makes easy to take quick decisions. (7) Recognition of The Problem The recognition of the problem, selection of the solution, issuing of the necessary orders can be taken with correct Timings in sound.... Read
Monetary standards
...The way the currency of a country is issued, managed and regulated called the monetary system of the country. Monetary standards may be of different kinds. 1. Monometallism:If one metal is the ultimate measure of value in the country standard will be metallic. If one metal is the standard that monometallism. If that metal is gold it will be called gold standard similarly if that is silver it will .... Read
Merits and demerits of partnership form of organization
...e 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 private gain.” The formation of partnership is easy and simple. It is formed to meet the need for” more capital, effe.... Read
Dissertation topic or ideas three main factors to consider
...rs. Finding a dissertation online can be a good way to see what topics are considered important.A dissertation idea must also be feasible. You cannot simply choose anything that pops up in your mind. Make sure that you can actually do the research methods available. For example, can you really do researching about black holes? Will you be able to do a laboratory experiment about it? I am not sayin.... 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
...The duties, rights and liabilities of partners in the conduct and management of the affairs of the partnership are contained in its partnership deed. However, if on any point, the deed is silent, then the relevant 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 .... Read
Phpbb customization and phpbb application development
...inest assured service as the task demands professionals with experience for development, customization and installation of PHPBB customization development. The dedicated affiliation and certification make the service reliable and worth paying for.PHPBB is a customized development that allows the installation via professionals at an affordable cost and expert assistance. It is n advanced and high.... Read
Bill of exchange sample
...n sum of money. (In the specimen of bill of exchange given below Mr. Hamid Zafar is the drawer of the bill).(ii) Drawee. He is the person on whom the bill is drawn. He is the person who is ordered to make the payment of the bill. (In the specimen of the bill. Mr. Rashid Ahmad is the drawee).(iii) Payee. He is the person to whom the money is directed to be paid. He gets the payment of the bill. (In.... Read
The position of a minor in partnership
...r the debts of the firm. Position on attaining majority Within 6 months of his attaining majority, he has to give notice:(I) Whether he wishes to continue as a partner or not (II) In case he does not make such announcement, he will be treated as decided to continue as a full fledged partner (III) When he chooses to become a partner or is deemed tote partner his liability becomes unlimited with eff.... 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
Tips to increase height naturally after 18
...All men & women wish to look tall & smart. We can make efforts to look smart & fit but it is not easy to gain height. Actually with some determination and right approach we can grow 2 to 6 inches even after 18 years of age. Many people think that post puberty height gain is not possible. Height Increase After 18
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Here are height growth tips after 18 years of.... Read
