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How to determine the market economy
Within a market economy there are strong competitive forces at work which ensure that failure to enhance owners' wealth won't be tolerated for long. Competition for funds provided by the owners and competition for managers' jobs would normally mean that owners' interests will prevail. If managers don't provide expected increase in ownership wealth, owners have the power to replace existing management team with a new team which is more responsive to owners' needs.
The following details are taken from the accounting records of the company as at 30 June 2010: Debit Credit Sales revenue 49,950,000
What happens to capital when a project is completely funded by retained earnings?
Q. What do you understand by Partnership? Partnership - Relationship between two or more persons based on anoral, written or implied agreement whereby they agree to carry on a
a,b,c carried on business and their profit and loss ratio 3:4:5.they decided dissolve the partnership as on 1st july,2011.the following balance sheet..... creditors-10000 loan A/c-
I need some guidance in how certain events are to be recorded on both the balance sheet and statement of cash flows.
For several firms trade payables - suppliers of goods and services - represent the major component of current liabilities the amounts owed by the company which have to be repaid wi
Retirement benefits 1) Provident fund and family pension: a. Contribution to PF and PPF are provided for and payments in respect thereof are made to the relevant
an asset has a useful life of 4 years.If it is depriciated by diminishing balance method.Its book value at the end of 4 years is 24% of its original cost.Hence the rate of depricia
An individual is currently working 40 hours per week, earning $10 per hour. He loses his job and successfully applies for unemployment insurance. The insurance plan works as foll
Right of indemnity If the Official Receiver or trustee has seized or disposed of any property in the possession of the debtor, without notice or claim relating thereto, he is
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