Classification of Assets: 1) Fixed Assets : A long term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year such as manufacturing equipments also called plants. 2) Current Assets : Current assets are those assets which are held for sale or to be converted into cash after some time. 3) Contingent Assets: A contingent asset is one which comes into existence upon the happening of a certain event. If that event happens the asset becomes
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Happiness is one of the most fundamental things we pursue during our life‚ but we‚ sometimes‚ may find it difficult in making a decision whether to make others happy or to find our own pleasure. From my perspective‚ I believe that to do things to fulfill other people’s happiness is of greater importance than to satisfy ourselves. To begin with‚ we are living in an interrelated world‚ in which every living thing has strong connection with each other. Thus hardly can an individual survive without
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Laws101 Legal Procedure -1- JUSTICE AND LEGAL PROCEDURE THE FACT FINDING PROCESS – ADVERSARIAL AND INQUISITORIAL METHODOLOGY OR‚ “THE PURSUIT OF VICTORY” VERSUS “THE PURSUIT OF TRUTH”. US Supreme Court Justice Warren Burger once remarked that if he were innocent he would prefer to be tried by a civil law court‚ but if he were guilty he would prefer to be tried by a common law court. Since “the facts” are an important (absolutely fundamental) premise in reaching any practical conclusion
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Limited Liability Partnership Limited Liability Partnership entities‚ the world wide recognized form of business organization has been introduced in India by way of Limited Liability Partnership Act‚ 2008. A There are no sources in the current document.Limited Liability Partnership‚ popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. In an LLP one partner is not responsible or liable for another partner ’s misconduct or negligence;
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|PAGE NO. | |1 |Introduction |2-4 | |2 |Overview of Limited Liability Partnership|4-10 | | |Act‚ 2008 | | |3 |Tax implication
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The Elements of Criminal Liability ACTUS REUS & MENS REA "Actus non facit reum nisi mens sit rea"‚ or "an act does not make a man guilty unless his mind be also guilty (Burgess‚ 2004‚ p.8)." In criminal law‚ for an individual to commit a crime‚ there must be present two elements. They are: Actus Reus (meaning guilty act or omission); and Mens Rea (meaning guilty mind). Actus Reus is the guilty act or omission in the commissioning of a crime. In short‚ it is what the offender does
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The pursuit of happiness is one of the fundamental rights that Thomas Jefferson wrote in the American Declaration of Independence. Individuals have the right to life‚ liberty‚ and to the happiness. People have different perspectives of what happiness is‚ but it is clear in the nation’s Declaration of independence that it could be pursued by everyone. The film The Pursuit of Happyness is a 2006 American biographical drama produced by and starring Will Smith. The main character of the film is inspired
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Police Agencies There are many different types of policing in the United States‚ most agencies operates through the government and the state itself these agencies consist of state and local agencies such as local PD‚ sheriff’s departments‚ highway patrol‚ and state troopers. The main purposes of these agencies are too investigate of suspected criminal activity‚ referral of the results of investigations to the courts‚ and the temporary detention of "suspected" criminals pending judicial action. Law
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Current Liabilities and Contingencies Current assets are cash or other assets that can reasonably be expected to be converted into cash‚ sold‚ or consumed in operations within a single operation cycle or within a year if more than one cycle is completed each year. Current liabilities are obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets‚ or the creation of other liabilities. Accounts Payable or trade accounts payable
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Doctrinal bases of liability 4 1.1. Reasonable Care and Skill . 4 1.2. Fiduciary Law 5 1.3. Knowing Receipt‚ Inconsistent Dealing‚ and Assistance 6 1.4. Emerging Standard: Due Diligence‚ Suitability‚ Good Faith 7 2. Duty to advise and the liability for the advice given 8 2.1. Duty to advise 8‚ 9 2.2. Liability for advice given 10 Referencing 12 Introduction In this report I defined the duties and liabilities of a Banker under Advisory and Transactional liability in Banking
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