Write the word or group of words that identify each of the following statements.            1.The contribution of an industrial partner

Q: Which of these stakeholders have a safe working environment, security of employment and a stable…

A: Stakeholder - A stockholder is certain party who has an interest in the company. A stakeholder is an…

Q: List each of the functional areas of a firm and their subfunctions.

A: Functional areas of a firm are: Production Marketing  Personnel Finance Accounting

Q: Which of the following statements is true for a company that has managers responsible for prod­uct…

A: Generally Accepted Accounting Principles (GAAP):Generally Accepted Accounting Principles are the…

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A: Canada Revenue Agency: The Canada Revenue Agency is the income administration of the central…

Q: Briefly introduce the legal nature of partnerships and companies, with emphasis on the contractual…

A: In a partnership, two or more parties agree to operate and manage a business and share the profits…

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A: Since business is a part of society and utilizing the resources which are provided to the society,…

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A: IAS 38: The objective of the standard is to prescribe the accounting treatment for the intangible…

Q: Describe the Advantages and Disadvantages of Organizing as a Partnership from an accounting view

A:

Q: Explain the concept and scope of Managerial Accounting together with its functions with example.

A: SOLUTION- CONCEPT OF MANAGERIAL ACCOUNTING - IT IS THE PROCESS OF IDENTIFICATION, MEASUREMENT ,…

Q: What is matching concept? Why should a business concern follow this concept? Discuss.

A: Matching concept: According to this principle, the expense should be recognized when it is actually…

Q: Which of the following is a reason to obtain professional certification?a. Certification provides…

A:

Q: The concept of an "artificial being" refers to which form of business organization? a. Partnership *

A: Business generally means a state of making a person engaged for earning livelihood. Artificial in…

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A:

Q: The setting of standard is  a/ a worker decision b/ a management decision c/ a managerial accounting…

A: Setting Standard: Setting standard means establishing the level of performance on the basis of past…

Q: Choose the correct. Which of the following statements is true for a company that has managers…

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: Research about the meaning of the culture of an organization. Explain how it is related to building…

A: Meaning of culture in an organization  : Culture is a value and belief that are followed by the…

Q: What type of firms or businesses under industry membership and asset s

A: Answer: There are different types of firms that are classifies under membership and asset size.

Q: Describe the relationship between business objectives and stakeholders interest.

A: Each business has certain objectives most common are maximize wealth and achieve growth but that is…

Q: partnership of industrial partners

A: The question is related to partnership of industrial partners.

Q: Using an imaginary company draft a conflict of interest policy for the entire organization

A: answer A conflict of interest policy is used to draft procedure for employees when a possible…

Q: what are the similiarities between basis period use for the company purpose and for the individual/…

A: Base period is the period for which the company as well as the individual or the partnership…

Q: Name the four areas in which standards of ethical conduct exist for management accountants. What…

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: Identify the four categories of cultural variables that affect the way you do business. Which of…

A: Culture is the behavioral features of a particular group. It includes the social beliefs, values,…

Q: Explain how an understanding of the industry where a company operates can directly impact its succe

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Q: Give a detailed explanation of the following standards.    1. IAS 28 Investment in Associates  2.…

A: Indian accounting standard (IAS) is issued under the guidance of Accounting Standards Board, stating…

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A: Managerial accounting is one of the branch of accounting. Under this field of accounting, financial…

Q: Determine whether each describes a sole proprietorship, a general partnership, or a corporation.…

A: The answers are provided below:

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A: Manager is the person who is responsible for coordinating with other people in the organization and…

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Q: many entities at present, outside the financial statements, reports and statements such as…

A: As per IAS 1, many entities prepare and present environmental reports and value added statements…

Q: what do you mean by corporate social responsibility? Share Example of any two companies involve in…

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A: Operating activities are the activities that are related to the main business of the company.…

Q: Q: Compare the characteristics of organizational and legal forms of enterprises: Criteria The…

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Q: Identify whether each description most likely applies to managerial (M) or financial (F) accounting.…

A:

Q: An industrial partner contributes his O A. Labor and skill only O B. Personal assets O C. money and…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Managerial accounting is applicable to service entities. manufacturing entities. Onot-for-profit…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: A capitalist-industrial partner receives a share in net income both as an industrial and as a…

A: Correct Answer is True : A capitalist -industrial partner receives a share in net income both as an…

Partnership Accounting

A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings, admission of a new partner, etc. 

Partner Admission and Withdrawal

A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings of a partner, etc.