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BREACH OF TRUSTRemedies available to beneficiary: Injunction, Personal action, Criminal liability.Defence of trusts: He may be relieved from liability if, in the opinion of the court, he acted honestly and reasonably and ought to be excused; He may also be released by any beneficiary, being sui juris and with knowledge of the facts, from liability to that beneficiary only.Contribution and indemnity: Generally the trustees are jointly and severally liable to the beneficiaries and a trustee sued may claim contribution from the others where although two or more trustees are liable, one has paid more than his fair share of the loss.
methods of preparation of trial balance
State the role of Accounting information Accounting information has a significant role to play in reporting the extent to which different groups have benefited from the busines
STATEMENTS OF FINANCIAL POSITION: as at 31 December 2011 Group Note 2011 2010 RM'
Interest Rate on a one Payment Your parents will retire in 17 years. They presently have $270,000, and they think they will require $1 million at retirement. What annual intere
PROTECTION OF PROPERTY OF A DECEASED PERSON (a) No person may take possession of or dispose of or otherwise intermeddle with, any free property of a deceased person, unless he
Various types of accounting changes can affect the financial statements of a business enterprise differently. Assume that the following list describes changes that have a material
Under this system all stock levels are reviewed after fixed time duration, depending upon the significance of the item. Imported items may need a shorter review cycle, while slow m
1. What accounting firm performed the audit of Zetar's financial statement? 2. What is the address of the company's corporate headquarters? 3. What is the company's reporting
Do you have anyone on staff that understands acquisition accounting procedures?
Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $243,339, $313,087, and $415,174, respectively
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