Logic Gates
operations within a computer are carried out by means of combinations of signals passing through standard blocks of built-in circuits known as logic gates. In other words, a logic gate…
Formation of a Company
The following things are required for the formation of a company. ● Promoters are required. ● Objectives of the promoters must be laid down. ● The names of the promoters must be subscribed…
Boolean algebra and Logic Circuits
In mid 1800, George Boole (1815-1864), an English mathematician, developed algebra for simplifying the representation and manipulation of propositional logic. It is known a Boolean algebra after its developer’s name.…
Liabilities & Rights of Promoters
A promoter of a company cannot be considered as an agent of the company as the company is not in existence during promotion. A promoter is not a trustee of…
CONVERSION Numbers
Expressed in decimal number system are much more meaningful to us, than are numbers expressed in any other number system. This is because we hav e been using decimal numbers…
A Sole Proprietorship
A sole proprietorship can be considered as a single person business. It Small scale enterprises are generally owned and operated on the basis of sole proprietorship. Enterprises based on this…
Trusts
A trust appears to be a complicated concept, not easily understood as a close corporation or a company. A trust does not have a separate legal identity. The law usually…
Partnership
A partnership is considered to be a formal relationship between a minimum of two and a maximum of twenty members based on an agreement intended to share profits through various…
POSITIONAL NUMBER SYSTEM
In a positional number system, there are only a few symbols called digits. These symbols represent different values, depending on the position they occupy in a number. The value of…
Close Corporation
A close corporation can be considered analogous to a ‘younger brother’ of the company. It is way simpler and quicker to manage and maintain. ● Annual income tax returns are required.…
