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Barter system
...in its value e.g., a man who wants to purchase cloth equal to half the value of his cow and other commodities for the rest half value of cow; he could not divide his cow. 4. Absence of Store of Value:Wealth cannot be easily stored for future use in the form of commodities because they perish in the long run. In the modern economy barter system cannot succeed. Money is indispensable for large scale....
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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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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....
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Supplement manufacturer gtnaturallabs announces custom formulation and private labeling in best price and quality
...GT Natural Labs operates a GMP certified supplement manufacturing facility, and partners with several other high quality manufacturers to provide the broadest range of supplement Contract Manufacturing. Each of the strategically chosen partners has been picked because of their commitment to quality and expertise in their area. GT Natural Labs is a contract supplement manufacturer supported by expe....
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Business organization nature and scope
...ed. Business Organization Thus is a process or an art of establishing effective cooperation between the factors of production (land, material, capital equipment. personnel) for producing or acquiring wealth with a view to earn profit in an enterprise. Scope of business organization. Business organization thus is a process or an art of establishing effective cooperation between the factors of produ....
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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....
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Merits and demerits of partnership form of organization
...fficient to satisfy the claimants on liquidation, the personal property of one or more than one partners can be sold under the Court order for the clearance of the debts of the business. The rich and wealthy persons, therefore, avoid to be enlisted in partnership because each individual partner in liable for the firm’s debt. 2. Limited Life of Firm The duration of the partnership is always uncer....
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9 benefits of eating cashew nuts
...Goa is famous for the production of cashew nuts. Whether roasted, salted or covered in chocolate, the cashew nut, often used as a flavorful complement to appetizers, main dishes and desserts, packs a mix of nutrients and minerals not found in many common foods.Eighteen medium cashew nuts count as one serving (30 grams). Don’t have more than three servings per week, unless you need to gain weight....
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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....
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Different types of laboratories
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A laboratory is a facility that provides controlled conditions in which scientific research, measurement and experiments are performed. There are different types of Labs to name some Medical Laboratories, Hospital Laboratories, Public Health Laboratories, Computer Laboratories, Film Laboratories and more.
Medical Laboratories: Medical Laboratory is a lab where tests are done on clinical s....
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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 ....
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Role of commercial banks in the economic development of a country
...ar of places. These savings are then made available to the businesses which make use of them for productive purposes in the country. The banks are, therefore, not only store houses of the country’s wealth, but 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 commerc....
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Formal and informal language
...There are two types of standard language. The language we speak at home, with friends is informal. It is like casual clothes which people use on informal occasions. Formal language, on the other hand, is used in offices, businesses, and other formal occasions. It is like a suit or dress for public and formal situations.Formal Language We use formal language when we are dealing with serious busines....
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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....
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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....
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Remedies of inflation
...REMEDIES OF INFLATIONThe first panacea for a mismanagement nation is inflation of the currency. The second is war. Both bring a permanent ruin. They both are the refuge of political and economic opportunists. (Ernest Hemigway). To avoid political unrest and harmful, social and economic effects on the economy, it is the main objective of every government to take appropriate measures to control infl....
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How to hard reset htc hd2 android
...The HD2 HTC puts the "smart" in smartphone. Windows Mobile operating system, 5 MP camera and a 4.3-inch screen are just the tip of the iceberg for this smartphone features and capabilities. At the time of its release, the HD2 HTC was the first phone from HTC for the HTC smartphone Sense and second with one CPU Qualcomm Snapdragon. Smart phones have different techniques to perform certain managemen....
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Cash balance approach to the quantity
...ash balances means higher demand for goods and services which causes increase in the price level and a fall in the value of money.According to Cambridge economists, the demand for money as a store of wealth, which is Robertson called as ‘money on the wings’ is directly influenced by the level of people’s wealth in the country. As national income grows, the people’s desire to hold money in ....
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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....
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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....
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