Business

Accounting treatment in the Books of Consignor when Goods Consigned at Invoice Price The relationship between the consignor and consignee is that of the principal…

A joint venture is a business arrangement where two or more companies get into a temporary legal partnership. A contractual agreement is signed by the…

Caveat Emptor This is a general law applied to the sale of goods. It is a Latin term meaning “let the seller beware,” in contrast to…

Cause Proxima This Latin phrase meaning the proximate cause is used in case of Marine loss. It is an act, whether intentional or negligent, that…

Concept of Joint Ventures A temporary kind of business activity carried on by more than an individual with a view to earning profit in a…

Cash Discount It is a rebate or an allowance from the invoice price allowed’ by the seller when payment is made in cash immediately after…

Joint Ventures and Consignment are different methods of doing business. If co-venturers consign goods to each other or to third parties, then such transaction can…

Cash Credit This is an arrangement under which a customer is allowed by the bank to overdraw his current account, up to a certain specified…

A joint venture is a form of business organization that is temporary in nature. It is a business formed by two or more than two…

Card Index This is one of the methods of indexing. It is a file or catalog consisting of cards on which information has been entered…

Methods of Keeping Joint Venture Account A Joint Venture is a temporary form of business, where two or more persons join together to meet the…

C.O.D – the abbreviation stands for cash on delivery. It is a type of transaction in which the recipient makes the payment for a good…