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Then how did the current accounts came to being ?dude u r nt gettin the point.....
it was said that NO written deed was given...hence partnership ACT of 1890 has been applied and according to that act, if there is NO deed then NO IOC n NO SALARY....
when no partnership agreement
floating capital accounts are made my bro if their is no partnership agreement.
Your variances are wrong
For variance we need to calculate STANDARD DIRECT MATERIAL
which is
Budgeted Kilo/ Budget units x Actual units
the total is right but u're price and usage are wrong