MUHAMMAD SAMI

L1S19BBAM0050

SECTION A

ASSIGNMENT # 4

1. BILLOF EXCHANGE:

Rs 50,000 Lahore, 20 th June2020

Three months after date, pay to the A or order the sum of rupees fifty thousand only for value
received.

Stamp
TO, Asad
Sd/
123, Model town
Saad
Lahore ______________

2. PROMISSORY NOTE:

Rs 10,000 Lahore, 20 th June2020

Three months after date, I promise to pay to Mr. Muhammad Qasim or order the sum of rupees
ten thousand only for value received.

Stamp
TO, Muhammad Qasim
Sd/
23-A, Muslim town
Gohar Khan
Lahore ______________
3. PARTNERSHIP DEED:
This partnership agreement is made on 20th June 2020 between Muhammad Sami and
Muhammad Tahir
Name and business:
The parties hereby form a partnership under the name of Muhammad Sami to produce the
surgical mask the principle office of the business shall be in District Zone2 Lahore, Punjab
Term:
Partnership begins on 20th June 2020 and shall continue until terminated.
Capital:
The capital of the association will be contributed in real money by the accomplice as follow:
Neither one of the partner will pull back any piece of their capital record. Upon the interest
of either accomplice, the capital records of the accomplices will be kept up consistently in
the extents wherein the accomplices share in the benefits and misfortunes of the
organization.
Profit and Loss
The net benefits of the association will be isolated similarly between the accomplices and the
overall deficits will be borne similarly by them. A different salary account will be kept up for
each accomplice. Association benefits and misfortunes will be charged or credited to the
different pay record of each accomplice. In the event that an accomplice has no credit
balance in their salary account, misfortunes will be charged to their capital record.
Salaries and Withdrawal’s
Neither one of the partners will get any pay for administrations rendered to the
organization. Each accomplice may, every once in a while, pull back the credit balance in
their salary account.
Interest
No interest will be paid on the underlying commitments to the capital of the organization or
on any ensuing commitments of capital.
Banking
All assets of the organization will be saved in its name in such financial records
Or on the other hand accounts as will be assigned by the accomplices. All withdrawals there
from are to be made upon checks marked by either accomplice.
Books
The partnership book shall be maintained at the principal office of the partnership, and
each partners and shall at all times have access thereto. So The books shall be kept on fiscal
year basis, and shall be closed and balanced at the end of each fiscal year. An audit shall
be made as of the closing date as so on.