What Are the Uses of Income and Expenditure Account?
The uses of income and expenditure account are as follows: It shows the surplus or deficit arising from the non-trading... View Article
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What Items Are Recorded in Income and Expenditure Account?
Income and expenditure account is prepared on an accrual basis. In an income and expenditure account, the income is recorded... View Article
What Is the Difference Between Delegation and Decentralization?
Delegation refers to the passing of authority from the manager to the subordinates while decentralization refers to the transfer of... View Article
What Is the Main Difference Between Centralization and Decentralization?
The main difference between centralization and decentralization is that in centralization the decision making authority stays with the top level... View Article
What Are the Types of Decentralization?
The types of decentralization are: Administrative Fiscal Market Political Also read: What Is Decentralisation Types of Organisation Structure Stay connected... View Article
What Are the Features of Decentralization?
Features of decentralization are: Delegation of authority to lower management Faster response time Quick decision making Development of individual departments... View Article
What Is an Example of Decentralization?
An example of a decentralized system of organisation will be McDonalds, the famous fast food chain which has franchises operating... View Article
What Are the Advantages of Decentralization?
The following are the advantages of decentralisation: It reduces the burden on the top management. It enables faster decision making... View Article
What Is Decentralisation and Its Importance?
Decentralisation refers to the transferring of responsibilities to the middle and lower management by the top management in an organisation.... View Article
What Is Meant by the Term Decentralization?
Decentralization refers to a type of organisational structure where the decision making responsibilities and the conduct of day to day... View Article
What Are the Dimensions of Marketing?
The major dimensions of marketing are: Product Price Place Promotion Also read: Difference Between Sales and Marketing Functions of Marketing... View Article
What Are the Types of Planning?
The types of planning are: Operational planning Tactical planning Strategic planning Consultancy planning Also read: Planning Process Planning Concept Features... View Article
What Are the Four Dimensions of Planning?
The four dimensions of planning are: Repetitiveness Time Scope Level Also read: Planning Process Planning Concept Features and Limitations of... View Article
Why Are Partnerships Easy to Set Up?
Partnerships are easy to set up as they do not require lengthy documentation and rules in order to set up.... View Article
Who Issues Promissory Note?
Promissory note is issued by the debtor to pay a certain amount to the creditor on a specific date or... View Article
Is a Promissory Note a Bill of Exchange?
Promissory note is a type of negotiable instrument and is different from the bill of exchange. Also read: MCQs on... View Article
Is a Bill of Exchange a Loan?
Bill of exchange is an order to pay, and not a promise to pay. Therefore, bill of exchange is not... View Article
What Is the Bill of Exchange Called Before Acceptance?
A bill of exchange before acceptance is called a draft. Also read: MCQs on Bills of Exchange Difference Between Bill... View Article
Why Is a Bill of Exchange Unconditional?
Bill of exchange is unconditional as it contains a written order made by the drawer to the drawee, is signed... View Article
What Is the Bill of Discounting?
Bill of discounting is a discount or fee that the bank deducts from the seller’s payment in order to release... View Article
