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Significant Features of Partnership
1) The capital is contributed by the partners and no appeal is made to the public.
2) Like the sole proprietorship, a partnership has a limited life. It may be ended at any time by the death, withdrawal, bankruptcy or incapacity of any member of the firm.
3) Each partner acts as an agent of the firm with authority to enter into a contract or purchase of or sale of goods or services.
4) Each partner is personally responsible for all the debts of the firm. Thus the liability of the ordinary members of the firm is unlimited.
5) Responsibility, profit and losses are shared on the agreed basis.
Creditors Trade - Measuring Business Performance Creditors Trade These are interested in the company's capability to meet their short-term obligations as and whenever the
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Limitations of Ratio Ratios have weaknesses as following like: 1. They avoid the size of the firm being compared as in cross-sectional analysis; the firm being compared m
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Lavista Ltd is a leading music entertainment company in the country and the stocks of the company are actively traded in the stock exchange. For the year just ended few days back
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1. Suppose company A expects to increase unit sales of i-phone by 15% per year for the next 5 years. If you currently sell 3 million i-phones in one year, how many phones do you ex
Define New Issue Market New Issue Market OR Primary Market New issue market is the segment in which new issues are made.
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