Dispersion or variation is very useful in the application of advanced statistical techniques like correlation, regression analysis of time series, tests of significance etc. Also useful in determining the effective production control techniques.
Tuesday, 6 December 2016
B1 Statistics 16 Measures of variation or Dispersion
Need for Dispersion: -
Though the averages serve the purpose of describing the characteristics of the distribution, they cannot give a comprehensive idea and as such conceal many important facts about the distribution. One of the important aspects concealed by measures of central tendency is regarding the variability in the values. It fails to explain the extent of deviation from the average value in the given distribution. In the absence of such information. The averages among the different distributions cannot be meaningfully compared.
Then the need of measures of central tendency or other measures like dispersion and skewness are devised.
Measures of dispersion explain the degree of variation in the individual items from the central value, the skewness measures the degree of symmetry of asymmetry of the distribution.
The need for the measurement of dispersion when the averages are same but the variations in the individual items are different.
Thursday, 1 December 2016
A3 15 DISSOLUTION OF FIRM
SECTION 39 TO 55 of the partnership Act, 1932 contains the provisions of dissolution
A3 Ascertaining the amount due to the retiring / deceased partner
The total amount payable comprises the following:
1. Capital Account Balance
2.Interest on Capital and salary, if any upto the date of retirement/death
3.Share of accumulated profits/losses.
4.Share of Profit/loss on revaluation
5.Share of Good will
6.Share of profit/loss for the current period, i.e from the date of last preparation of final accounts to the date of retirement/death.
1. Capital Account Balance
2.Interest on Capital and salary, if any upto the date of retirement/death
3.Share of accumulated profits/losses.
4.Share of Profit/loss on revaluation
5.Share of Good will
6.Share of profit/loss for the current period, i.e from the date of last preparation of final accounts to the date of retirement/death.
A3 Fixed and current Capital method
Capital acct as well as current accounts of the partners are maintained to show the amount of the capital contributed by the partners. Current acct show other items like drawings interest on capital etc
A3 Floating capital method
Capital acct is kept for each partner and the capital will be fluctuating from one period to another.
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