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What are the Advantage of limited liability
Advantage of limited liability, though, imposes certain obligations on such companies. To start up a limited company, documents of incorporation should be prepared that set out, among other things, objectives of the business. Moreover, a framework of regulations exists which places obligations on limited companies concerning the way in which they conduct their affairs. Part of this regulatory framework needs annual financial reports to be made available to owners and lenders and typically an annual general meeting of the owners has to be held to approve reports. Furthermore, a copy of the annual financial reports should be lodged with Registrar of Companies for public inspection.
need and important of final account
SED Analysis SDE i.e. Scarce, Difficult and Easy analysis estimates the significance of inventory items on the basis of their availability. According to SDE analysis the invent
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During 2011, Lavina Corporation had cash and credit sales of $94,000 and $91,000, respectively. The company also collected accounts receivable of $53,400 and incurred expenses of $
Explain the movements in working capital in terms of a business''s cash cycle. Explain some of the options available and their effect on the cash cycle.
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Generally Accepted Accounting Principles (GAAP) are guidelines for companies to follow as they prepare and issue financial statemnents. Let's start by getting an understanding of w
Change in profit sharing ratio When there is a change in profit sharing ratio, it means that some of the partners will get higher profits based on the new ratios in the future wh
WHAT IS THE MODERN ACCOUNTING TECHNIQUES.
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