Single Entry

Single Entry

A single entry system of accounting is a form of bookkeeping in which each of a company’s financial transactions are recorded as a single entry in a log. This process does not require formal training and is usually used by new small businesses because of its...
Bills Of Exchange

Bills Of Exchange

A bill of exchange is a written order binding one party to pay a fixed sum of money to another party on demand or at some point in the future. A bill of exchange often includes three parties—the drawee is the party that pays the sum, the payee receives that sum, and...
Dissolution Of Partnership

Dissolution Of Partnership

Dissolution means to wind up or to close down. When business relations among the partners in a partnership firm comes to an end, it is known as Dissolution of Partnership. When one/more partner take decision to close the partnership firm, it is known as Dissolution of...
Admission of Partnership

Admission of Partnership

The reconstitution /Admission of partnership primarily involves change in the form of partnership. There is change in agreement among the partners which leads to change in the relationship between the partners and change in share of the profit/losses of the partners...