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nadjari
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Difference between Absolute Liability and strict liability?
The distinction between strict and absolute liability can be seen by examining the issue of causation.For strict liability offenses no evidence of intent or any other mens rea is required. It is however normal for the prosecution to be required to prove causation. For example, in speeding it is necessary to prove the defendant was "driving", but not that he intended to drive faster than permitted, or even that he knew he was doing so.Just like strict liability, absolute liability offences do not require evidence of intent or mens rea. As for causation, the prosecution only has to prove that the proscribed event occurred or situation existed, then the defendant will be liable because of his status.So, in the EMPRESS CAR CASE the company was liable for the pollution of the river even though the diesel tap was turned on by an unknown stranger
What are the Advantages and limitation of financial accounting?
Accounting has many advantages: Provides financial information about the business Provides assistance to management Helps in comparison of financial results comparison of its own results of different years comparison of financial results with other firms in the industry Helps in decision making Accounting information can be used as an evidence in legal matters Helps in valuation of the business Following are the limitations: Financial accounting permits alternative treatmentsAccounting is based on concepts and it follows " generally accepted principles" but there exist more than one principle for the treatment of any one item. This permits alternative treatments with in the framework of generally accepted principles. For example, the closing stock of a business may be valued by anyone of the following methods: FIFO (First-in- First-out), LIFO (Last-in-First-out), Average Price, Standard Price etc., but the results are not comparable. Financial accounting does not provide timely information It is not a limitation when high powered software application like HiTech Financial Accenting are used to keep online and concurrent accounts where the balance sheet is made available almost instantaneously. However, manual accounting does have this shortcoming. Financial accounting is designed to supply information in the form of statements (Balance Sheet and Profit and Loss Account) for a period normally one year. So the information is, at best, of historical interest and only 'post-mortem' analysis of the past can be conducted. The business requires timely information at frequent intervals to enable the management to plan and take corrective action. For example, if a business has budgeted that during the current year sales should be $ 12,00,000 then it requires information whether the sales in the first month of the year amounted to $ 10,00,000 or less or more? Traditionally, financial accounting is not supposed to supply information at shorter interval less than one year. With the advent of computerized accounting now a software like HiTech Financial Accounting displays monthly profit and loss account and balance sheet to overcome this limitation. Financial accounting is influenced by personal judgments'Convention of objectivity' is respected in accounting but to record certain events estimates have to be made which requires personal judgment. It is very difficult to expect accuracy in future estimates and objectivity suffers. For example, in order to determine the amount of depreciation to be charged every year for the use of fixed asset it is required estimation and the income disclosed by accounting is not authoritative but 'approximation'. Financial accounting ignores important non-monetary information Financial accounting does not consider those transactions of non- monetary in nature. For example, extent of competition faced by the business, technical innovations possessed by the business, loyalty and efficiency of the employees; changes in the value of money etc. are the important matters in which management of the business is highly interested but accounting is not tailored to take note of such matters. Thus any user of financial information is, naturally, deprived of vital information which is of non-monetary character. In modern times a good accounting software with MIS and CRM can be most useful to overcome this limitation partially. Financial Accounting does not provide detailed analysis The information supplied by the financial accounting is in reality aggregates of the financial transactions during the course of the year. Of course, it enables to study the overall results of the business the information is required regarding the cost, revenue and profit of each product but financial accounting does not provide such detailed information product- wise. For example, if business has earned a total profit of say, $ 5,00,000 during the accounting year and it sells three products namely petrol. diesel and mobile oil and wants to know profit earned by each product Financial accounting is not likely to help him unless he uses a computerized accounting system capable of handling such complex queries. Many reports in a computer accounting software like HiTech Financial Accounting which are explained with graphs and customized reports as per need of the business overcome this limitation. Financial Accounting does not disclose the present value of the business In financial accounting the position of the business as on a particular date is shown by a statement known as 'Balance Sheet'. In Balance Sheet the assets are shown on the basis of "Continuing Entity Concept. Thus it is presumed that business has relatively longer life and will continue to exist indefinitely, hence the asset values are 'going concern values.' The 'realized value' of each asset if sold to-day can't be known by studying the balance sheet.
Is diesel renewable?
Only if it is bio-diesel, aka from plants. Most diesel is a product of crude oil though.
Is Vin Diesel an actor or a product?
Actor
What Is Diesel Used For In Crude Oil?
Diesel isn't used in crude oil it is a refined product of it
What is the difference between a nuclear submarine and a diesel?
Nuclear because of urenium ana diesel because of petrolium product
What is oil mixture?
Is a combination of oil product such as diesel and petrol
How can you get diesel fuel out of leather shoes?
use a product called liqui-nox to get it out....this product helps to decontaminate things.
How much gas does a diesel have?
Diesel is not gas, it is a liquid fuel. diesel is a liquid fuel obtained originally obtained as a waste product after oil has been refined into petrol the diesel engine was invented by a guy named diesel and his invention was ignored untill after his death when it was found that it was a good engine and used up the refinery bi-product and that also is why deisel became named deisel
Does diesel fuel come from renewable energy source?
No! Diesel is a product of hydrocarbons, which deposits are limited and therefore not renewable energy source.
What type of petroleum product is used to fuel trains and heavy trucks?
Diesel
Which word has a male in a dairy product?
the answer is either of the 2 words: cheese or diesel
Is diesel fuel renewable or not?
No, diesel is a petroleum based product, from oil, so it is not renewable.However, bio-diesel is now being manufactured from plant oil. This is renewable. Diesel engines will also run on recycled cooking oil, mostly from restaurants.Read the related questions below.
What brand of diesel motorhome receives the best reviews?
The best brand of diesel motorhome is the Tiffin brand. Tiffin manufactures class "A" motorhomes. Their top product, the Phaeton, was the top-selling brand of diesel motorhomes in 2010.
