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BAC101: FUNDAMENTALS OF ACCOUNTING
| Institution | KENYATTA UNIVERSITY |
| Course | BUSINESS ADMINISTRAT... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Brian Mike |
| File Type | |
| Pages | 74 Pages |
| File Size | 567.67 KB |
| Views | 4963 |
| Downloads | 0 |
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Description
A partnership may be defined as the relationship which subsists between persons carrying on a business in common with a view of profit. The maximum size of a partnership is normally 20 persons although for certain professional practices such as
solicitors and accountants the number can exceed 20 as long as such partnerships are
registered under the Companies Act. Under most circumstances each partner is an agent of the firm for the purpose of carrying on the normal business of the firm. This means that individual partners can bind the other partners to contracts they negotiate on behalf of the firm. They may also recover from the partnership any funds they spend for the benefit of the partnership.
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FOOD AND BEVERAGE PRODUCTION THEORY NOTES
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A computer system has many resources (hardware and software), which may be require to complete a task. The commonly required resources are input/output devices, memory, file storage space, CPU etc. The operating system acts as a manager of the above resources and allocates them to specific programs and users as necessary for their task.
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INTRODUCTION TO COMPUTERS NOTES
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A Computer is an electronic device that operates (works) under the control of programs stored in its own memory unit.
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ICT - Information Process Computers + Computer Technology Networks. Hardware - is tangible or physical parts of a computer e.g keyboards, mouses, screen, printer. Software - is intangible parts of a computer it refers to instructions that direct computer hardware on what to do.
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INTEGRATED SCIENCE EXPLAINED NOTES
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Business Studies Grade 7 Term 1 Notes
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Business refers to any activity that is carried out by an individual or an organization concerned with provision of goods and services with the aim of making profits
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COST ACCOUNTING NOTES
Introduce students to aspects of cost and management accounting in the creation of
information for management decision making.
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HUMAN RESOURCE MANAGEMENT (HRM) NOTES
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This chapter introduces the students with the basic concepts of the human resource
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INTERMEDIATE ACCOUNTING NOTES
The conceptual framework of accounting, also called the theoretical framework of
accounting is a coherent system of interrelated objectives and fundamentals that
can lead to consistent standards and that prescribes the nature, function and limits
of financial accounting and financial accounting statements.
97 Pages
679 Views
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