Commonly used functional budgets Functional budgets relate to different functions. Some of the commonly used functional budgets are given below: 1. Sales Budget: Sales budget gives the estimate
Purposes of planning in an organization The following are some of the important purpose of planning in an organization. 1. Facilitates Accomplishment of Objectives: The aim of planning
Top 10 Factors influencing design of plant layout The following factors should be considered While designing the layout. 1. Nature of the product: The nature of the product
Inventory Valuation Inventory valuation plays an important role in determining the profits of present and succeeding years of a company. For example, if the closing stock is overvalued,
Introduction A contract places a legal obligation upon the contracting parties to perform their mutual promises, and it carries on until the discharge or termination of the contract.
Management by objectives (M.B.O) There are so many approaches to integrate individual goals with overall goals. The most comprehensive approach is Management By Objectives (MBO). It is an
A private limited company enjoys both the advantages of corporate existence as well as that of partnership. Following are some of the privileges and exemptions of the private
What does Partnership Act say about Partnership? Partnership comes into being only as a result of an agreement between the parties, general principles of law of contracts and
Various differences between holder and holder-in-due-course can be explained on the basis of the following Entitlement Maturity Right to recover amount Privileges Consideration Title Notice of defect in
A partnership comes into existence, by means of a contract between partners, whereas, a joint Hindu family (hereinafter referred to as HUF) arises as a result of status,