The partnership deed, Financial Accounting

The Partnership Deed

It is the agreement that regulates the partner’s actions in undertaking the partnership business. This may or may not have been drawn up.  It usually contains, amongst others:

  • Name of the firm, names of the partners, their addresses and their occupations;
  • The status/type of each partner, e.g. active/dormant, limited/unlimited etc
  • The capital to be contributed by each partner
  • Their profit sharing ratio
  • Salaries to partners, if any
  • Interest, if any on capital/drawings.

 

Posted Date: 12/11/2012 5:43:08 AM | Location : United States







Related Discussions:- The partnership deed, Assignment Help, Ask Question on The partnership deed, Get Answer, Expert's Help, The partnership deed Discussions

Write discussion on The partnership deed
Your posts are moderated
Related Questions
Berg Company adopted a stock-option plan on November 30, 2013, that provided that 73,200 shares of $5 par value stock be designated as available for the granting of options to offi

A quick glance at the trend in the Operating and Net Profit Margin figure indicates an improvement in the margins over the 2 year period. As is evident from the graph above HAIL du

Seattle Health Plans currently uses zero debt financing.  Its operating income (EBIT) $1 million, and it pays taxes at a 40 percent rate.  It has $5 million in assests and because

An investment project requires a net investment of $100,000 and is expected to generate annual net cash inflows of $25,000 for 6 years. The firm's cost of capital is 12 percent. De


The concept that money has time value is one of the most fundamental notions of investment analysis. For any type of productive asset its value will based on the future cash flows

In this project you will use your many skills to create multiple portfolios, using the Standard and Poor's Mid Cap 400 as your dataset. First, construct an index fund using a st

Q. What do you understand by Partnership? Partnership - Relationship between two or more persons based on anoral, written or implied agreement whereby they agree to carry on a

After the accounts are adjusted at the end of the year, Accounts Receivable has a balance of $215,000, Uncollectible Accounts Expense has a balance of $17,500, and Allowance for Do

Suppose that the real risk-free rate, r*, is 4% and that inflation is usual to be 8% in Year 1, 5% in Year 2, and 4% thereafter. Suppose also that all Treasury securities are highl