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METHODS OF RECORDING TRANSACTIONS IN JOINT VENTURE The Joint venture may be defined as temporary partnership between two or more persons without the use of firm’s name for a specific purpose and limited time period. In other words, two or more persons agree to undertake a particular venture and to share the profits and losses thereof in…
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SOURCES OF REDEMPTION OF DEBENTURES Redemption of debentures means the amount of repayment to the debenture holders of the debt due to them. The debentures are usually repaid after the expiry of certain time period. When debentures are redeemed, liability on account of debentures is discharged. Amount of funds required for redemption of debentures is…
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Difference Between Joint Venture and Partnership is as follows: PARTNERSHIP Partnership business is a business where two or more persons agree to carry on commercial activity to earn profits. From legal point of view, partnership firm is not a separate legal entity. In other words, it has no existence separate from its partners. It means…
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MEANING Redemption of debentures means the amount of repayment to the debenture holders of the debt due to them. The debentures are usually repaid after the expiry of certain time period. When debentures are redeemed, liability on account of debentures is discharged. Amount of funds required for redemption of debentures is quite large and therefore…
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ISSUE OF DEBENTURES Debenture is an instrument issued by the company acknowledging its debt. Issue of Debentures is made by the company under its seal. It is a contract for the repayment of the amount borrowed by the company from the debentureholder after certain period or at the option of company. ACCORDING TO SECTION 2…
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MEANING Debentures is an instrument issued by the company acknowledging its debt. It is issued by the company under its seal. It is a contract for the repayment of the amount borrowed by the company from the debentureholder after certain period or at the option of company. ACCORDING TO SECTION 2 (30) OF THE COMPANIES…
BUY BACK OF SHARES Buy Back is the corporate action in which a company buys back its shares from the existing shareholders usually at a price higher than the market price. When the company buys its shares back, the number of outstanding shares in the market reduces. Buy Back of Shares is also known as…
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MEANING The Joint venture may be defined as temporary partnership between two or more persons without the use of firm’s name for a specific purpose and limited time period. In other words, two or more persons agree to undertake a particular venture and to share the profits and losses thereof in an agreed ratio. The…
REDEMPTION OF PREFERENCE SHARES Redemption of Preference Shares means returning the capital to the preference shareholders either at a fixed date or after a certain time period during the lifetime of the company provided company must complied certain conditions. ACCORDING TO THE COMPANIES ACT 2013 “A company is not allowed to return to its shareholders…
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ACCOUNTING FOR INCOMPLETE VOYAGE Voyage Accounting is done in case of Shipping Companies. To know the results of the marine business voyage accounts are prepared. It is prepared to know the profit or losses on each voyage or shipment undertaken by the shipping company. Sometimes the accounting year of shipping company has come to an…
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