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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.... 
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Sole proprietorship and its characteristics
...Introduction The individual proprietorship or sore proprietorship is the oldest form of business organization. It is as old as the civilization itself. Historically, 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 fo.... Read
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
Importance of business in the present day world
...The importance of business is that it provides products or services 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 busine.... 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
...sman 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 organization.(8) Fixing of Responsibility Fixing of responsibility can easily be pin pointed. (9) .... 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
...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
...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
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Phpbb is essential in website management and designing. Most hosting websites require that you download phpbb before accessing their site to run your own page. When looking for a phpbb hosting website, it is important to do your research. Some sites will charge you to run the programs and download phpbb; however, phpbb may be downloaded for free.
www.cirtexhosting.com is just one of the web.... 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
...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
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
...losophy in early ERP systems was internal integration, there was initially little apparent value in developing open systems. However, the ERP user market soon identified the benefits of best-of-breed selection of modules, sometimes across vendors. Vendors then realized the need to offer applications components. The focus shifted from internal design coherence to the ability to communicate with ext.... Read
One man control is best in the world
...What is Meant By One Man Control? One man control or one man business (also called sole proprietorship) is the simplest 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.... Read
Easily find student home with gohaven
...Letting home for student is not an easy thing in current days. There are many issues involved during letting or renting home. New students find more difficulties to get room on rent. Yeah we all know that searching home in good area with good facility and good landlord during admission process and study is not piece of cake.While searching for home for rent for a student there are some factors s.... Read
