CHAPTER 2 FORMS OF BUSINESS ORGANISATION LEARNING OBJECTIVES After studying this chapter, you should be able to: • • • • identify different forms of business organisation;…
1. Homework time • I gave you homework to complete your budget tasks. • I want to collect that now.• So have them on your desk now and ready to hand in. If this takes…
Slide 1Business Organizations Slide 2 Formed to carry out commercial enterprises Company or firm Sole ProprietorshipSole Proprietorship= managed by one individual (75 % of…
1.DISSOLUTION OF PARTNERSHIP FIRM2. DISTINCTION The action of distinguishingTHE PARTNERSHIP ACTDissolution of partnershipDissolution of firmFew of the partners but notallAll…
1.THE INDIAN PARTNERSHIP ACT’1932 Section.4 of the Indian Partnership Act, 1932 defines Partnership in the following terms: “Partnership is the relation between persons…
1.Limited Liability Partnership is a body corporate & is a separate legal entity. Special type of partnership wherein liabilities of partners are limited. From…
1. Business aim and activitiesThe UK economy is a mixed economy . This The activities of industry canmeans that it has a public sector(organizationsbe divided into stages…
What is ACCOUNTING? Accounting is the recording of financial transactions: What is Accounting? Purchases of stock Purchase of cars Loan repayments GST Investments Wages paid…