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What are the Advantage of limited liability
Advantage of limited liability, though, imposes certain obligations on such companies. To start up a limited company, documents of incorporation should be prepared that set out, among other things, objectives of the business. Moreover, a framework of regulations exists which places obligations on limited companies concerning the way in which they conduct their affairs. Part of this regulatory framework needs annual financial reports to be made available to owners and lenders and typically an annual general meeting of the owners has to be held to approve reports. Furthermore, a copy of the annual financial reports should be lodged with Registrar of Companies for public inspection.
Effect of receiving order The consequences of the making of the receiving order are: The debtor retains ownership, but loses possession and control of his property; Th
if you inherited 45,000 today and invested all of it in a security that paid a 7 percent rate of return how much would you have in 25 years
Ely purchased a patent (with a remaining legal life of ten years) from Backo on January 1, 2010 for $300,000. Ely expected to use the patent for five years. The carrying value on B
Balance Sheets: contains the balance sheets as of December 31, 2010, 2009, and 2008. Accounting practice and tradition dictates that the most current year is placed nearest to the
it is for what purpose?
QUESTION 4: Spanking Clean (Ltd) operate a number of car washes and auto valet services. The company has experienced a reasonable trading year. They are deciding whether to pay ou
By classifying by function Under this format, the expenses of the company are classified into 5 major categories i.e. Cost of sales [(opening stock + purchases – closing st
how to do the calsulations for bad debts
I am working on a bank reconciliation problem. How should I record the following transaction on the company's cash record? (10/31/13 Bank Rec) A two month, 8%, $1350 customer's not
liabilities and its types
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