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In business terms, it just simply means Limited Partnership since Brick Warehouse is a legal business entity. Therefore, Brick Warehouse LP is the same as Brick Warehouse Limited Partnership.
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The nature of business is what kind of business are you doing in your job. For example you work in McDonalds so the nature of business is the food service.
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A warehouse operative is a person who works in a warehouse. A warehouse operative might have many duties, all of which are essential to the production environment. A warehouse operative will be able to unload trucks, store materials, and fill out the proper paperwork for shipping and receiving goods.
Storeman , storeperson , warehouse operative , logistics operative , warehouseman, warehouse person.
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Co-operative Society and Co-operative Bank are different in nature. Co-operative Bank example District Co-operative Bank, Primary Agricultural Co-operative Bank, Urban Co-operative Bank with which we can able to financial transaction such as SB Account, Current Account & Terem Deposit Co-opeartive Society is specific in nature such as Co-operative Housing Society etc.
An operative is a skilled person trained to specialize in a certain role in the business:)
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In business terms, it just simply means Limited Partnership since Brick Warehouse is a legal business entity. Therefore, Brick Warehouse LP is the same as Brick Warehouse Limited Partnership.
Rent can be in expenditure nature or revenue nature. rent paid in cash for warehouse is in expenditure nature for the lender of warehouse, but is revenue to the owner of the warehouse.ACCOUNTING ENTRIES SHOULD BE AS FOLLOWSRENT PAID:DR-WAREHOUSE RENT ACCOUNTCR- CASH ACCOUNTIN CASE OF RENT RECEIVABLEDR:CASH ACCOUNTCR:WAREHOUSE RENT ACCOUNTACCORDING TO THIS TRANSACTION, THE LENDER OF THE WAREHOUSE WILL LOSE AND THE OWNER OF WAREHOUSE WILL GAIN.BY. WILLIAM JOSEPHwillymsukuma@yahoo.com
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nature of avon business
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The nature of business is what kind of business are you doing in your job. For example you work in McDonalds so the nature of business is the food service.