Separate Business Entity – Conventional And Islamic. Nazrin KB Bismillah Ar-Rahman Ar-Rahim The manner of this short essay is that it will discuss my findings regarding the generally accepted accounting concepts and principles a.k.a. the GAAPs that most accountants and professional accountancy bodies worldwide have‚ in unison‚ established to be the essence of the most ordinary way of businesses treating their everyday activities within the scope of accounting. All businesses do have in their
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The debt crisis of Nigeria and Greece Introduction National debt is a problem that can inflict any country including the developed countries. Almost all countries go into budget deficit one way or the other and end up borrowing money. The most direct effect of the government debt is to place a burden on future generations of taxpayers. When these debts and accumulated interest come due‚ future taxpayers will face a difficult choice. Inheriting such a large debt cannot help but lower the living
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Abstract Rural development of the grassroots has been the concern of every responsible and responsive political system. This is because development and participation have continued to elude people of the grassroots. Development remains insignificant if it does not positively affect the lives of those in the periphery of decision making arrangement. The Nigerian state therefore created local government as the third tier of government whose objective is to ensure effective‚ measurable and efficient
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“The extent to which tectonic processes represent hazards depends on when and where they are experienced.” Tectonic hazards are dangers caused by the movement of the earth’s plates. The majority of hazards represent by plate tectonic occur at plate margins where two plates meet. These natural processes become hazardous when they affect people and cause material losses such as the destruction of infrastructure as this inhibits sustainable development. These hazards can be reduced depending on when
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way of providing additional employment and tax revenue to government exchequer. Moreover‚ it will contribute the income of the investors by having a higher dividend and thereby improve the standard of living of the people. In order for a business entity (whether public or privately owned) to continue to prosper‚ there is need for its earnings to be relatively stable for its expansion and growth over time. In addition to its level of earnings‚ its external environment must also be carefully understood
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social groups. Sociology includes the study of the behavioral patterns‚ interactions and relationships among the individuals of society. This field tries to examine the organizational structure of society and the influence it has on the social‚ political and religious ideas of the members. It encompasses the study of the organization of families and businesses. It attempts to analyze the creation and management of social groups as well as the factors‚ which lead to their breakdown. The disciplines
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Business Entities‚ Laws‚ and Regulations Paper BUS/415 March 5‚ 2012 Beth Shankle-Anderson There are different scenarios with three different forms of entities that require taking control‚ taxation‚ and possible liability issues into account. These considerations will not only serve to ensure compliance is met but also so that each establishment is protected. In the first scenario Lou and Jose plan to open a restaurant/sports bar‚ the issue is that they have not accumulated of the money‚
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Bibliography ……………...…..13 4. Table of Cases ………………....13 Introduction The partnership as a form of business enterprise developed from the concept that if two of more individual owners joined forces a stronger entity would develop because they would then have at their disposal their combined resources‚ financial‚ skills and others. The South African law of partnership is largely governed by common law principles‚[1] which is similar in Namibia. A partnership
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Role of Family in controlling corruption “Just as it is impossible not to taste the honey or the poison that finds itself at the tip of the tongue‚ so it is impossible for a government servant not to eat up‚ at least a bit of the King’s revenue. Just as fish under water cannot possibly be found out either as drinking or not drinking water‚ so government servants employed in the government work cannot be found out taking money.” Kautilya‚ 300 B.C. The term “corruption” comes from the Latin
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licensed brewing arrangements. In Nigeria it trades under the name Guinness Nigeria and will be referred to as such from this point. Over the past few years Africa has been Diageo’s most dynamic growth region‚ delivering the highest proportion of its global growth. Guinness is by far Diageo’s largest brand in Africa accounting for over 30% of the region’s turnover and profits. Moreover in the last few years it has consistently delivered double digit growth. Nigeria overtook Ireland in 2007 as the
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