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Preference shares carries a preferential right with respect to payment of dividend and repayment of capital. They will pe paid dividend in preference to equity shareholders. In the event of winding up also , preference shareholders are repaid their capital first than equity shareholders.
Whereas equity shareholders enjoy voting rights and participation in decisions of company which preference shareholders do not.
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Separate entity means owner and business are distinct in the eyes of law.
Ex. A company is a separate legal entity which means contracts can be entered, funds can be procured in name of company.
It can also sue third parties and be sued in its name.
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Profit & Loss Appropriation Account is Prepared in order to know the utilization of the profits earned by the enterprises . It is important in businesses like partnerships to show distribution of profits among partners.
Utilization of profits would mean that the amount left after the difference between the current years income & expenses along with the last years balance ,distributed as Dividend,transferred to reserve & balance left at end.
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In 1930 Mahatma Gandhi along witn his 78 followers started Dandi March from his ashram Sabarmati to Dandi coast in Gujarat.
The march was of 240 miles.It was undertaken to break the british monopoly of making salt.
After reaching Dandi , Mahatma gandhi broke the Salt Law by making salt from sea water.
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The total amount of a product (good or service) available for purchase at any specified price.
Supply is determined by: (1) Price: producers will try to obtain the highest possible price whereas the buyers will try to pay the lowest possible price both settling at the equilibrium price where supply equals demand. (2) Cost of inputs: the lower the input price the higher the profit at a price level and more product will be offered at that price. (3) Price of other goods: lower prices of competing goods will reduce the price and the supplier may switch to switch to more profitable products thus reducing the supply. Posted in: Biology | Date: 19th Jul'17
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Water
root hair
cortical cells
xylem
vein
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Yes. Management is intangible, that is, it cannot be seen or touched. But its presence can be felt by seeing the orderliness and coordination and satisfaction among employees.
In fact, absence of management can felt more easily by seeing confusion and chaos in the business organisation.
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Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy. It is critical to the long-term economic growth of a country, and provides the same benefits as new technologies or more efficient industrial equipment. While this process takes time, it often results in a greater standard of living for the people within a country in just a few generations, or even sooner. This process can be achieved through the use of public health policies, education or training opportunities.
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Bad debts are debts which are irrecoverable and should be written off and debited to the profit and loss accounts as expenses.
Journal entry-
Bad debts A/c. Dr
To Debtors A/c
Closing Entry of bad debts
P/L A/c. Dr.
To Bad Debts A/c