Contract costing is a type of a specific order costing: Contractor costing is generally used for the works of constructional nature such as civil engineering works etc.‚ Each contract is considered as a separate unit of cost and a separate account is kept for each individual contract. The special features of contract costing are as detailed below: Materials: The materials purchased directly or issued from the stores or transferred from other contracts are recorded on the debit side of the
Premium Depreciation Contract Contract law
A valid contract consists of all essential components which present and the court will enforce as a legally binding promise . One of the elements contract to create a contract is agreement which included an offer and acceptance. “Acceptance is a final and unqualified assent to the terms of the offer‚ made in the manner specified or indicated by the offeror” . Acceptance may be express orally‚ in writing‚ occasionally‚ or even by implied from the offeree’s conduct. In communication of acceptance‚
Premium Contract Contract law Offer and acceptance
10 CONTRACT LABOUR IN INDIA INTRODUCTION 10.1 The system of employing contract labour is prevalent in most industries in different occupations including skilled and semi skilled jobs. It is also prevalent in agricultural and allied operations and to some extent in the services sector. A workman is deemed to be employed as Contract Labour when he is hired in connection with the work of an establishment by or through a contractor. Contract workmen are indirect employees; persons who are hired‚ supervised
Premium Employment Labour relations Trade union
Contract With America In the historic 1994 midterm elections‚ Republicans won a majority in Congress for the first time in forty years‚ partly on the appeal of a platform called the Contract with America. Put forward by House Republicans‚ this sweeping ten-point plan promised to reshape government. Its main theme was the decentralization of federal authority‚ deregulation‚ tax cuts‚ reform of social programs‚ increased power for states‚ a balanced federal budget were its chief ambitions. With
Premium United States House of Representatives President of the United States Bill Clinton
INFRASTRUCTURE CONCESSION CONTRACTS: AN INTRODUCTION #2/July 08 What is infrastructure concession contract? What are the advantages and disadvantages of concession contracts? This paper addresses these two questions. Also‚ it outlines the basics of infrastructure concession contracts. I. Introduction Ownership of public assets is a sensitive issue for all governments. However‚ budgetary shortfalls as well as the repeated failure of governments all over the world to maintain these assets have
Premium Property Procurement Business terms
GD topics Should military training be made compulsory‚ Basis for reservation in elite institute‚ Sports in India‚ Why crime/terrorism is increasing in society/nation‚ Which is the biggest problem in India-poverty‚illiteracy‚population How cans brain drain can be stopped‚ Criminalization in politics‚ Who is responsible for crime against women‚ Whether women should be recruited in army or not Solution for indo-pak problem Shortage of officers in defense forces army Should there be
Premium Grammatical person
Illegal Contractual Terms and Restraints of Trade in Contracts When dealing with contract law‚ many problems can arise. There can be illegal terms in the contract or it can just be void. There are restraints on trade which include limiting employees from competing against their employers post employment and so on. Throughout this essay‚ these restrictions will be analyzed. The difference between illegalities‚ voids and restraints will be presented‚ along with cases to provide examples.
Premium Contract Contract law
CASE STUDY PUBLICIS GROUPE 2009: TOWARD A DIGITAL TRANSFORMATION BY: GENERATION D I. Executive Summary Publicis Group has always been one of the leaders in the advertising and communications sector‚ they have managed to remain competitive by anticipating in the environmental changes and trends and by trying to transform every threat to an opportunity‚ nevertheless their mission is to remain “a world leader in sustainable value creation though imaginative ideas and connections.” Drastic
Premium Marketing Strategic management
PROJECT ON SHARE VALUATION OF UTTARA BANK LIMITED Project Supervisor Mrs. Nausheen Rahman Assistant Professor Department of Finance University of Dhaka Submitted By Mohammed Abul Kalam Chowdhury ID: 20609045 Department of Finance University of Dhaka [pic] Date of Submission February 24‚ 2008 Letter of Transmittal Mrs. Nausheen Rahman Assistant Professor Evening MBA Program Department of Finance University
Premium Bank
of a Contract Angelique Gares BUS670 Legal Environment Professor Roger Amos May 24‚ 2010 . This paper is a study of the Element of a Contract detailing the essential elements that constitute a legal binding agreement. A contract can be defined as an agreement between two or more persons for example‚ individuals‚ organizations or government agencies and or business‚ to do‚ or to refrain from doing something in exchange for something of value. The text states “to qualify as a contract‚ a set
Premium Contract