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Partnership Introduction

Partnership Introduction

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Published by dothelpdesk
Partnership Accounts Introduction
Partnership Accounts Introduction

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Categories:Types, Business/Law
Published by: dothelpdesk on May 03, 2010
Copyright:Attribution Non-commercial

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12/08/2013

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PARTNERSHIPACCOUNTS
Unit -IIntroduction toPartnershipAccounts
5/3/2010
1
By Sunil Kumar Vishwakarma
 
1.Introduction
An individual i.e., a sole proprietor may not bein a position to cope with the financial andmanagerial demands of the present businessworld.As a result, tow or more individuals may decideto pool their financial and non-financialresources to carry on a business.The final accounts of partnership firm includingbasic concepts of accounting for Admission,Retirement and Death.
5/3/2010
2
By Sunil Kumar Vishwakarma
 
2
. Definition and features
The Indian Partnership Act definespartnership as
 the relationship between persons who haveagreed to share the profit of a businesscarried on by all or any one of them acting forall
5/3/2010
3
By Sunil Kumar Vishwakarma

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