MGT604 FINAL TERM PAST PAPER
Simple Formation Limitless Liabilt Proprietorshi Benefi .The boar Simple Dissolution Association As per Partnership Act, 1932, “Organization is the connection between people who have consented to share the benefits of a business carried on by all or any of them representing all. MGT604 FINAL TERM PAST PAPER
Association implies a legal business claimed by at least two people. The benefit of the business shared by the accomplices in concurred proportion. The obligation of each accomplice is limitless. Little and medium size business
exercises are performed under this association. It has the accompanying elements: Lawful Entit Benefit and Loss Distribution.
Limitless Liability Move of Right The board Number of Partners Business entity. As per S. E. Thomas, “An organization is a fused relationship of people shaped ordinarily for the
quest for a few business purpose.
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A business entity is a deliberate relationship of people made by regulation. It has a different lawful element aside from its individuals. It can sue and be sued in its name. In the business entity, crafted by association starts before its fuse by advertisers and it go on after joining. The joint stock organization has the accompanying element: MGT604 FINAL TERM PAST PAPER
Making of Law Separate Legal Entity Restricted Liability Adaptability of offe Number of Members Normal Seal Monetary Accounting – I – MGT101 VU © Copyright Virtual University of Pakistan 4 Example 2 RECORD KEEPING AND SOME BASIC CONCEPTS Learning Objective. MGT604 FINAL TERM PAST PAPER
The advancement of bookkeeping expressed in the past talk go on with a slight accentuation on how genuine record keeping began? Moreover, a few fundamental ideas like capital, benefit, and financial plan are too presented.
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