BAC101: FUNDAMENTALS OF ACCOUNTING

Institution KENYATTA UNIVERSITY
Course BUSINESS ADMINISTRAT...
Year 1st Year
Semester Unknown
Posted By Brian Mike
File Type pdf
Pages 74 Pages
File Size 567.67 KB
Views 4908
Downloads 0
Price: Buy Now whatsapp Buy via whatsapp
  • whatsapp
  • facebook
  • twitter

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.
Below is the document preview.

No preview available
STRATEGIC MANAGEMENT NOTES ADVANCED Trending!
Objectives: Development and reinforcement of a general management point of view-the capacity to view the firm from an overall perspective, in the context of its environment. Development of an understanding of fundamental concepts in strategic management: the role of the general manager, the levels and components of strategy, competitive analysis, and organizational evolution. Development of those skills and knowledge peculiar to general management and the general manager's job that have not been covered in previous functional courses. Synthesis of the knowledge gained in previous courses and understanding what part of that knowledge is useful to general managers.
304 Pages 4715 Views 1 Downloads 9.04 MB
Business Math For Dummies (For Dummies (Business _ Personal Finance)) Trending!
Business and mathematics — they just seem to go together. Of course, I could make a case for any topic to successfully mesh with math. Then again, I’m a bit prejudiced. But you have to agree that you can’t do much in the home or in the business or real estate worlds without a good, solid mathematical background.
No pages found 2473 Views 0 Downloads 5.01 MB
ECONOMICS ADVANCE NOTES Trending!
This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to apply the fundamental principles of economics in decision making.
265 Pages 3486 Views 0 Downloads 2.52 MB
C.R.E Joint revision papers Trending!
Well compiled CRE questions with marking schemes from Joint schools in every county in Kenya
483 Pages 5677 Views 0 Downloads 8.45 MB
CREATIVE WRITING AND COMPOSITIONS. Trending!
The best guide to creative writing.
164 Pages 4380 Views 0 Downloads 1.23 MB
Economics Revision Blocks notes Trending!
This document contains a a collection of detailed questions and answers for Economics
323 Pages 6068 Views 1 Downloads 5.22 MB
Economics Revision Kit notes Trending!
Although the economic orientation keeps changing, the underlying concept remains the same. This revision kit is in recognition of the fundamental principle that economics is a development and learning is a process. It is absolutely necessary to have a systematic approach to studies, right up to the examination. A proper examination strategy is required irrespective of the mode of study.
681 Pages 5412 Views 0 Downloads 4.43 MB
Economics-Revision-Kit-ebookskenya.co_.ke_ Trending!
Although the economic orientation keeps changing, the underlying concept remains the same. This revision kit is in recognition of the fundamental principle that economics is a development and learning is a process. It is absolutely necessary to have a systematic approach to studies, right up to the examination. A proper examination strategy is required irrespective of the mode of study.
226 Pages 5397 Views 0 Downloads 2.52 MB
Entrepreneurship Detailed notes Trending!
1-To introduce the concept of entrepreneurship and explain the process of entrepreneurial action. 2-To describe how structural similarities enable entrepreneurs to make creative mental leaps. 3-To highlight bricolage as a source of entrepreneurs’ resourcefulness. 4-To introduce effectuation as a way expert entrepreneurs sometimes think. 5-To develop the notion that entrepreneurs cognitively adapt. 6-To introduce sustainable entrepreneurship as a means of sustaining the natural environment and communities and developing gains for others.
603 Pages 4933 Views 1 Downloads 23.23 MB
ENTREPRENEURSHIP AND COMMUNICATION SKILLS notes Trending!
Entrepreneurship is the process of coming up with new processes or ways of achieving some set objectives.
280 Pages 4969 Views 0 Downloads 1.48 MB