The Training Place of Excellence

  DISCHARGE OF CONTRACTS Discharge of contracts implies a termination of the contractual agreement and the contract obligations come to an...

REMEDIES FOR BREACH OF CONTRACT Remedies for breach of contract include: ·          Action for price ·          Action for damages   Action ...

WHAT ARE PRE-INCORPORATION CONTRACTS? These are contracts entered into by a third party on behalf of a company which has not yet been formed...

  WHAT ARE THE TYPES OF CONTRACTS? There are different types of contracts and these include: ·          Void contracts       Contract th...

WHAT ARE THE ELEMENTS OF A CONTRACT? For a contract to be established, the following have to be existing: ·          Offer and acceptanc...

  WHAT ARE THE FINANCIAL STATEMENTS IN ACCOUNTS? Transcending from the trial balance, the financial statements will need to be prepared us...

  WHAT IS THE ENTITY CONCEPT? This is where a business is usually seen and treated as a separate party from the business; so, the records ...