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Kinds of partners
...extent of his share in the capital. On attaining majority, he has to choose whether he has to continue as a partner or not. (d) Partner at Will type of partner will continue so long the partners have mutual faith, trust and confidence among them. (e) Partners In Profit Only If a partner is entitled to receive certain share of profit and is not held liable for the losses, he is known as partner in .... 
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Salient features or characteristics of partnership
...ble that the articles of partnership be prepared in writing with legal assistance. The articles of partnership should cover the rights, duties, obligations and the arrangements which the parties have mutually agreed upon. t is not binding for partnership to be register However, if a 1km remains unregistered, it has to face certain disabilities or disadvantages. 2. Financing The capital is made ava.... Read
Business organization nature and scope
...Meaning of Business OrganizationBusiness organization is composed of two words, business and organization. In order to understand the nature of business organization, it is necessary that the meaning of these two words is made clear to the readers.(1) BusinessBusiness is a human economic activity. It involves continuous and regular production and distribution of goods and services with a view to e.... Read
Merits and demerits of partnership form of organization
...ision of labour and specialization, thus, can promote efficiency of the firm. 5. Union of Business Ability There is a bid age saying that two heads are better than one. In case of partner the partner mutually consults each other about the lay out, production procedure, marketing channels, etc. and as a result, a wise course of procedure results. 6. Profit Incentive The profits are shared by the pa.... Read
Mutual duties rights and liabilities of partners in the absence of partnership agreement
...ontained 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 isas follows.General Duties of Partners Partnership Act describes the general duties of partners as under: “Partne.... Read
Partnership agreement deed
... 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” containing the name, nat.... 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
Stock exchange
...A stock exchange, share market or bourse is a corporation or mutual organization which provides facilities for stock brokers and traders, to trade company stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities, as well as, other financial instruments and capital events including the payment of income and dividends. The securities traded on a.... Read
Wholesale portable advance transformer oil purifier transformer oil filtration machine
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Application:
ZY series high efficiency vacuum insulating oil purifier, mainly for the power station, industrial and mining enterprises purifying the unqualified transformer oil, mutual inductor oil, switch oil and so on.
ZY series can remove water, trace water, gas, particles from oil quickly and effectively, improving oil dielectric strength. Also, this oil purifier can.... Read
Inflation in pakistan
...One of the most important factors influencing poverty in the country is inflation. Inflation is defined as a situation where the general price level is persistently moving upward in a country. In Pakistan, the general price level is persistently rising since Partition of the Subcontinent. Prices remained volatile during the decade of 1990’s ranging from 5.7% to 13% mainly because of declining ec.... 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
Kinds of banks
...KINDS OF BANKSTypes of Banks on the basis of sphere of activities:The commercial banks are classified into various types on the basis of their spheres of activities, ownership, domicile etc. The main types of banks in Pakistan are as under:-(A) Classification on the basis of functions(1) Every civilized country now has its own central bank. The primary function of the central bank is to regulate t.... Read
Dropshippers co za review all you need to know about the company and the services they provide
...I have been in the business of websites for a long time and can quite confidently say that I have pretty well mastered the art of SEO and e-commerce. I have quite a lot of knowledge and am pretty well equipped to sell any product online with my skills in website marketing. I have been stocking goods for my online shop to sell it to customers when I realized the disadvantage of stocking so much of .... Read
Rights of a banker and duties of a banker towards the customer
...Duties or obligations of a banker towards the customer(1) To honor a customer’s cheque. The banker is to honor the cheques of the customers provided the cheques are:(i) Properly drawn.(ii) The customer has balances to his credit.(iii) The loan contract has been signed.(iv) There is no legal bar or restriction attaching to the customer’s funds.
(2) Standing Orders. It is the duty of the bank t.... Read
Sources of company financing
...g term financial institutions. There are also a number of other financial institutions which have sufficient funds to invest in long term financing. These are saving centres, Life Insurance Companies Mutual funds etc. These institutions are primarily concerned for the purchase of shares of the well reputed companies, bonds and also make long term loans.The diagram shows two sources of the capital .... Read
Modaraba
... Modaraba means a business in which the subscriber (Zarib) participates with his money and an other (Modarab) with his efforts or skill or both his efforts and skill and shall include Unit Trusts and Mutual Funds by whatever name called. The profit earned during the year is distributed among financiers and the entrepreneurs according to the agreed ratio. In case of loss, it is shared among the fin.... Read
The ghost of princess diana haunts lifetime william and kate movie
...The ghost of Princess Diana haunts "William & Kate," in an overly dramatized Lifetime original movie based on the relationship between Prince William and bride-to-be Kate Middleton. Though the casting was truly inspired, this telefilm has all the credibility of those hastily researched biographies that suddenly appear after someone becomes famous or infamous. Nico-Evers Swindell and Camilla Luddin.... Read
Definition of audit note book
.... In the same way entries may not be self- explanatory so auditor can gat information.
20. AUDIT TIMING: The audit notebook can show date and time of audit. The date can be fixed with customer after mutual understanding. The date and time can show progress of work done by audit staff
21. BUSINESS MATTERS: The audit notebook can provide facts and figures about all business matters. A business con.... Read
Role of central bank in underdeveloped money market
... deposits of the saving banks are mostly invested in government projects.(4) Co-operative banks. Co-operative banks are set up both in rural and urban areas for the promotion of thrift, self help and mutual and mainly among the members of the society. The co-operative banks advance short term loans to agriculturalists for the purchase of inputs. They raise funds through the issue of shares and sal.... Read
