Introduction A partnership firm has two or more members who share the profits or losses of the firm according to pre-set limits. These limits and all other rules and regulations that will guide the firm are mentioned in a partnership deed. The partnership deed is the Bible of a partnership ... Read More

Introduction: What is Brainstorming? When you consciously strive to come up with new suggestions or remedies for issues, you are brainstorming. It is a helpful first step in writing that enables authors to know exactly what will be included in their work, whether they are academic, business, or artistic. Brainstorming ... Read More

Introduction A partnership business consists of many individual partners who share the profit and losses of the firm according to the profit-sharing ratio mentioned in the partnership deed. The partnership deed is a legal document that contains all legal procedures that may be needed to follow while operating the partnership ... Read More

Introduction Rectification of errors is a term that is mostly associated with accounting. It refers to revising a mistake and making amendments to rectify the mistake. These errors can creep in while classifying these accounts, posting the journal entries to the ledger accounts, carrying the balance forward, etc. It must ... Read More

Introduction: Writing A Rough Draft Rough draughts are simply unpolished versions of the entire task. Writing a rough draft of an essay is an important step in the essay writing process. It allows you to get your thoughts down on paper without worrying too much about grammar, punctuation, and ... Read More

What is Debenture? Debentures are long-term loans issued by corporate firms and governments to raise capital. For example, governments may, the government may raise money for building roads by issuing debentures. In such a case, those who buy the debentures are creditors, not shareholders. Like bondholders, debenture owners may also ... Read More

Introduction The central banks of all countries form monetary policies to control the availability of liquidity in the markets according to the economic situation of the nation. The repo rate is probably the best of these policies that control the money supply to the secondary banks in an economy. The ... Read More

What are Retained Earnings? Retained earnings or earnings surplus are part of the profit of an organization that is not distributed among shareholders as dividends. These are used for working capital requirements and can also be used to pay off any debt the company may have. Retained earnings can be ... Read More

What is Reverse Repo Rate? The Reverse Repo Rate is the interest rate at which the Central Bank of India, the Reserve Bank of India (RBI), borrows money from commercial banks for a short term. The reverse repo rate and repo rate form a pair of important monetary tools for ... Read More

Introduction: What is GDP? Gross Domestic Product or GDP is the economic value of all goods and services produced in a country within a specified period of time. Calculation of GDP is done on all final goods. This is so because if the value of intermediaries is taken, it may ... Read More