Foundation
Average due date
Average due date It is the date on which debtor can pay all the amount due without gain or loss of interest. It is a date on which single payment can be realized against various dues. If actual payment is made earlier than ADD, gain or rebate will arise, while after ADD loss or interest …
ACCOUNT CURRENT
Account current It is a running statement of transaction between parties for a given period of time which is used for calculation of net interest payable or receivable. It is in the form of account given below: X in account current with Y. Dr. cr. Methods of account current current Interest table method Under this …
best partnership act summary notes
Chapter 3 The Indian Partnership 1932 Introduction: Various form of business. In partnership two or more person hence misunderstanding may arise. No single person is responsible. To control rights and duties of partners, partnership and person dealing, above act is required. It is a branch of agency, it means every partners is a general agent …
contract act best summary notes
Contract Act Introduction Business law is wider than Mercantile and Commercial laws. It is divided in Contract, Sale, Agency, Bailment, Negotiable Instrument, and partnership. It’s origin is in English law with some changes. It control to trade and commerce. In daily life we are entering infinite contracts. Since morning to night – newspaper, to eat …
contract act in simple words
contract actContract act : Introduction Business law is wider than Mercantile and Commercial laws. It is devided in Contract, Sale, Agency, Bailment, Negotiable Instrument, and partnership. It’s origin is in English law with some changes. It control to trade and commerce. In daily life we are entering infinite contracts. Since morning to night – newspaper, …