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Earn 100
Why is it necessary to revalue assets and liabilities on the admission of a partner?
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Important Questions on Reconstitution of a Partnership Firm
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Ms. Jayshree recently completed her Post Graduate Diploma in Human Resource Management and was appointed as the human resource manager of a large steel manufacturing company planning to expand by hiring 200 additional employees. She has been given complete charge of the company’s Human Resource Department. What steps should Ms. Jayshree take to perform her job efficiently?
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What is meant by a debenture?
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How are assets and liabilities valued in the books of the firm after revaluation has been done?
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What is the marginal product of an input?
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What does it mean to issue debentures at a discount and redeemable at a premium?
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What does a bearer debenture mean?
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What is informal communication?
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How are capital adjustments made to ensure that partners' capitals are proportionate to the new profit-sharing ratio when a new partner is admitted?
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What does ‘Issue of debentures for consideration other than cash’ mean?
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Provide an example using an imaginary balance sheet to show the valuation of assets and liabilities after revaluation.
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Consider the demand curve D(p) = 10 – 3p. What is the elasticity at price 5/3?
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Which function of management helps in building interpersonal relationships within the organization?
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How is the revaluation of assets and liabilities treated in the books of account?
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Explain the significance of Taylor's Scientific Management.
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Why should assets and liabilities be revalued at the time of admission of a partner?
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What is the meaning of ‘Debentures issued as a collateral security’?
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How is the revaluation of assets and reassessment of liabilities handled at the time of admission of a new partner?
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How do you determine the new capital of each partner if it is agreed that the capital of all the partners should be proportionate to the new profit-sharing ratio?
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Provide an example showing how the new capital of each partner is determined and necessary adjustments made.
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State the meaning of principles of management.
