website, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers and online retail is known as e-tail. E-commerce or electronic commerce is generally considered to be the sales aspect of e-business. If we want to define a term e – commerce we can choose between various definitions. According WTO it is “production, distribution, marketing, selling and expedition of goods and services by using of electronical measures.” According
Words: 8063 - Pages: 33
covers the Smiths’ scenario is Conveyancing. The Smiths’ solicitor is an agent who must act according to their instruction when dealing with the missives . Missives are defined as legal documents in the form of letters exchanged in regards to forming contract for land/property . 1-1 Previously, the law according to the Land Registration etc Act was no electronic document, such as a fax, is valid under s.1(2), unless: it meets certain requirements recommended by Scottish Ministers, or attested by the
Words: 969 - Pages: 4
at sample size and not all of them. The previous in an attempt to make the auditing process not so costly while at the same time making the effort to reflect accurately their client’s financial condition. Brown utilizes Enron Corp. as a recurring example of creative accounting. “Now in the wake of Enron Corp.’s collapse and subsequent revelations of accounting irregularities at other big corporations, it has become increasingly clear that number crunchers often represent a company’s finances in the
Words: 2399 - Pages: 10
The Beginners Practical Guide to Options Investing By Chuck Hughes Copyright 2010 by Legacy Publishing LLC. All Rights Reserved. Reproduction or translation of any part of this work beyond that permitted by Section 107 or 108 of the 1976 United States Copyright Act without the permission of the copyright owner is unlawful. Information within this publication contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities
Words: 4646 - Pages: 19
Manufacturers Raw Legal/ Purchasing Contract Materials B2B Model Management Vendor Management Resellers Finished Goods B2C Model Purchasing Cost Business owners, management and shareholders Consumers Analysis Inventory Analysis Business Models B2B commerce- Business-to-Business When a business sells directly to another business Includes transactions for raw materials & finished goods Examples: Wood to make a skateboard, helmet, first
Words: 845 - Pages: 4
party expresses interest to buy or sell an asset from another party. The offering price is often the highest the buyer will pay to purchase an asset, and the lowest that the seller will accept. The person that makes offer is called "offeror or promiser".The person to whom offer is made is called "offeree". Offer can also be called a "Proposal". EXAMPLE: 1) Ali offers to sell his watch to Ashraf , here Ali is making an offer to Ashraf. 2) When purchasing a house
Words: 3140 - Pages: 13
tax years. 2. Explain the requirements for changing a tax year. 3. Identify the available accounting methods. 4. Understand the rules for accounting method changes. 5. Account for the capitalization of inventory costs. 6. Describe long-term contract reporting. 7. Defi ne the installment method of accounting. 13–2 CCH FEDERAL TAXATION—COMPREHENSIVE TOPICS OVERVIEW The fi rst 12 chapters are presented primarily from the individual taxpayer’s point of view (including self-employed taxpayers)
Words: 30831 - Pages: 124
T.Y.B.Com FINANCIAL ACCOUNTING AND AUDITING PAPER - IV AUDITING AND COST ACCOUNTING © UNIVERSITY OF MUMBAI Dr. Rajan Welukar Dr . Dhaneshwar Harichandan Vice Chancellor Professor-cum-Director University of Mumbai Institute of Distance and Open Learning Fort, Mumbai-400032. University of Mumbai Programme Coordinator : Section I - Auditing Prof. R. Vijayan (Bsc. L.L.B, F.C.A) N.G. Acharya, D.K. Marathe College Chembur, Mumbai - 400 071. Prof. Kiran M. Rage (M.Com, D.F.M., F.C.A) N
Words: 90883 - Pages: 364
2015 CHAPTER 12 CONTRACTS AND SALES Introduction and Formation A contract is a promise or set of promises for breach of which the law fives a remedy, or the performance of which the law in some way recognizes as a duty. The three general sources of contract law for contracts entered into in the United States include common law, the Uniform Commercial Code, and the new sources of law evolving in response to e-commerce. Common Law The common law was the first law of contracts. It consists today
Words: 12443 - Pages: 50
Element of contract The objectives of element of contract are to explain the requirement of a valid offer and acceptance which lead to the formation of a contract provided other essential elements, In other word intention to create legal relations and ,in most cases, consideration are also present. problem also arise in connection with the need for writing in some cases and the capacity of the parties. That it decides that where an offer is in the form of a promise for an act, the performance of
Words: 5381 - Pages: 22
