on any holiday‚ although some states like the Negotiable Instruments Law states that payment in such case may be made on the next succeeding business day) The burden of proving that the obligation has been extinguished by payment devolves upon the debtor who offers such a defense to the claim of the plaintiff creditor The issuance of a receipt is a consequence of usage and good faith which must be observed (although our Code has no provision on this) and the refusal of the creditor to issue a receipt
Premium Money Debt Currency
Masters of Business Administration – MBA Semester 1 MB 0041 – Financial and Managerial Accounting – Assignment Roll No. 1305015785 Name of the Student: Pallab Kakoti Email id: ksetrajna@gmail.com Mobile : 958 256 3250 Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? Accounting‚ as an information system is the process of identifying‚ measuring and communicating the economic
Premium Bookkeeping Generally Accepted Accounting Principles Balance sheet
P2: Carry out an analysis of the business using comparative measures of performance. One of the keys to success of the World Beat Fitness Center is the ability to offer reasonably priced programs. The club has increased the size of its fitness center and added more equipment that gives full satisfaction to all members. They are exposing everyone to the variety of activities and services the club offers. Analysis of the business financial statement particularly the assets and liabilities are
Premium Generally Accepted Accounting Principles Balance sheet
Articles of incorporation Trustee Debtor Corporation Us Constitution Article 1 section 8 Discharge Chapter 13 Claim Bankruptcy reform act of 1978 Bonified purchaser Duty of care Duty of loyalty Partnership Entrepreneur Franchise Professional service associations Automatic stay Exempt property Order of relief Bankrucpy estate Causa mortis Testamentary capacity Situs Limited liability company Limited partnership Sole proprietorship Sub chapter ess Winding up Fixture Chapter 7‚11‚13 Dissolution Liquidation
Premium Corporation Property Bankruptcy
Recovery Industry - 1 Four Options To Your Judgment - 6 Setting Up Your Business - 10 Finding Your Clients - 13 Marketing Letter Samples - 16 Meeting Your Clients - 18 Setting A Price For Your Services - 19 Contracts And Agreements - 20 Locating Your Debtors & Their Assets - 21 Public Records -
Premium Appeal Civil procedure Lawsuit
CHAPTER-I FINANCIAL STATEMENTS LEARNING OBJECTIVES After studying this chapter‚ you will be able to: • Explain the meaning of financial statements of a company; • Describe the form and content of balance sheet of a company; • Prepare the Balance Sheet of a company as per Schedule VI Part I of the Companies Act 1956. • Know the major headings under which the various assets and liabilities can be shown. • Explain the meaning‚ objectives and limitations of analysis using accounting
Premium Balance sheet Asset Generally Accepted Accounting Principles
flow problems. The business owner believes that his customers are taking too long to settle their accounts. By calculating their debtors days and recording the results‚ it will be possible not only to establish what the current position is‚ but also to set targets for the future. This may be to reduce the debtor days from thirty five to twenty five days. A reduction in debtor days will help ease cash flow and reduce the risk of bad debts. An organisation should select a number of ratios which provide
Premium Debt Generally Accepted Accounting Principles Financial ratios
1. The South African Legal System Law is a social science. South African Law is not codified: recorded in one comprehensive piece of legislation. Origin: Indigenous legal systems applied at the southernmost tip of Africa before 1652. Jan van Riebeeck arrives in Cape Town in 1652 and the adoption of Roman-Dutch law as a legal system to the Cape. 1.1 A SHORT HISTORY OF THE LAW Unlike most European continental legal systems‚ SA law is not codified: It is drawn from various authoritative sources Such
Premium Law Common law Contract
Garnishee order is an order issue by court under provision of Order 21‚ Rule 46 of the code of Civil Procedure‚ 1908. When the debtor failed to pay the debt to his creditor‚ the latter may approach court for the issue of garnishee order on the banker of the debtor. 2 Stages of issue: Order Nisi – It is issued first‚ directing the bank to stop payment in account of the debtor. Order Nisi requires the banker to explain as to why the funds of the depositor should not be attached towards satisfaction
Premium Cheque Money Bank
REPORT ON THE PERFORMANCE OF NEXT PLC. BUSINESS ACCOUNTING SPRING 2013 Table of Contents Introduction 3 Profitability Analysis by Sinthusa Muralitharan 4 Working Capital Analysis by Saranya Ratnasingham 9 Conclusion on Next Performance 13 Recommendation 14 Reference/ Bibliography 15 Appendices 16 Introduction Next is one of a main UK based retail company. It offers fashion and accessories for men‚ women and children as well as full range of home-wares. In this
Premium