PSR refers to profit sharing ratio agreed amongst partners of a firm in order to share the profits and losses of the firm. Any chance in PSR will result in reconstitution of partnership and thus require...
Past adjustments in partnership firm means adjusting partners' capital or current account balances due to rectification of past errors and omissions that was not in accordance with the partnership deed....
The primary objective of the ECBs monetary policy is to maintain price stability. The ECB aims atinflation rates of below, but close to, 2% over the medium term.The operational framework of theEurosystem...