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Showing posts from 2022

1.1 Corporate concept and financial sources

  Organization or entity: an organization is a group of people to achieve a common objective. objective: service or profit   Business organization: The organization which is established to earn a profit is known as a business organization.   Proprietorship ·         owned, operated, managed, and controlled by a single person ·         unlimited liability of the owner Partnership ·         owned by two or more people. ·         divide their profit on the percentage of partnership (50/50 or 60/40 or any) ·         unlimited liability. Company ·         association of individuals ( group of people ) to achieve a common objective ·         incorporated under  the company act of the concerned country ·         having a capital divided in to share ·         with limited liability .   Company: according to company act,2063 company means any