Partnershtp fundamenials
!MP fCFMULAS :
Int on Cabtal
’CabiBal at he beginráng vale ol int
Cabital at -he begenning
>Balane at-he end - foeoit
digf9 buted for the
"Intout year+brausUg
mdausngs
Chapter 1 >D12uigs XRaie '% M
Viöeo No. 0t 12.
Partrership -f
Two or more persons
2Agreement- person.greoon samething in same sense (can be touttin oral ).
Ésiness- lawfui (economie adivilg mut be involved)
prot > must hot beprohebiled by laup.
Sharing ofof profit - proft sharing ratio (PsR)
Zharing
.Carred on byal cr 2.y cne of themacting for all- all partner are
responsible fcr actdona by any of ihem (ag ek tatnes bina þuche
kuch keta hain, þhiÝc bhi seb þartners liable honge).
Patrershp - Defitior
Pastrerehij is arelatinshp be tueen persoRS who
agreed to ekare the profis ef a busiess oarel
then aoting for all
, 12TH
ACCOUNTANCYCLASS
|
seciion 464 oftha
is providedin
maxinunopuners t (Miscellaneous)
1mcan have companies
rula
with 10 of
nesact, 2013read
rules, 2014
than one owner- distribulion of profitis
Sincethere are more
called as profit
required for which a separate account is required
and loss appropriation accouni
"Also thare are various transaction in capital accounta capital
account is required
Asounal and sussidiary books
2 Ledger
3Trail balance
WEinal accounts
Tratig P&l prpriatin
Balaer
account
!MP fCFMULAS :
Int on Cabtal
’CabiBal at he beginráng vale ol int
Cabital at -he begenning
>Balane at-he end - foeoit
digf9 buted for the
"Intout year+brausUg
mdausngs
Chapter 1 >D12uigs XRaie '% M
Viöeo No. 0t 12.
Partrership -f
Two or more persons
2Agreement- person.greoon samething in same sense (can be touttin oral ).
Ésiness- lawfui (economie adivilg mut be involved)
prot > must hot beprohebiled by laup.
Sharing ofof profit - proft sharing ratio (PsR)
Zharing
.Carred on byal cr 2.y cne of themacting for all- all partner are
responsible fcr actdona by any of ihem (ag ek tatnes bina þuche
kuch keta hain, þhiÝc bhi seb þartners liable honge).
Patrershp - Defitior
Pastrerehij is arelatinshp be tueen persoRS who
agreed to ekare the profis ef a busiess oarel
then aoting for all
, 12TH
ACCOUNTANCYCLASS
|
seciion 464 oftha
is providedin
maxinunopuners t (Miscellaneous)
1mcan have companies
rula
with 10 of
nesact, 2013read
rules, 2014
than one owner- distribulion of profitis
Sincethere are more
called as profit
required for which a separate account is required
and loss appropriation accouni
"Also thare are various transaction in capital accounta capital
account is required
Asounal and sussidiary books
2 Ledger
3Trail balance
WEinal accounts
Tratig P&l prpriatin
Balaer
account
