Business

Annuity An annuity is a payment made to the insured annually. It is a financial product that pays out a fixed stream of payments to…

Amalgamation Amalgamation is a type of merger process in which two or more companies combine together to form a new entity. It is a combination…

Methods of Recording Transactions under the Installment System In the installment system, there is an immediate sale, in which the price, instead of being paid…

Concept of Admission of New Partner A new partner may be admitted when the firm needs additional capital or managerial help. Admission of a new…

All Rights Reserved The phrase “All Rights Reserved” is often used by owners to indicate that they reserve all of the rights granted to them…

Agenda It is a list of items proposed to be discussed at a forthcoming meeting. A well-planned agenda gives a greater sense of control. It…

After Sight This means that the due date of the bill is to be counted at a specified period from the date of presentation of…

After Date It is used on a bill of exchange and it indicated that maturity of the bill will be calculated at a fixed period…

Impact of Admission of New Partner in the Profit Sharing Ratio of the Firm New Profit Sharing Ratio is the ratio at which the partners…

Advice Note This is written communication informing that a particular transaction has already taken place or is about to take place. It is a document…

Advertisement Advertisement is a paid announcement, as of goods for sale, in newspapers or magazines, on radio or television, etc. This is an art of…

Impact of Admission of New Partner in the Value of Goodwill of the Firm A reputation built up by a firm has an impact on…