Published on April 26, 2014
• Section – 4 “Partnership is the relation between persons who have agreed to share the profit of the business carried on by all or any of them acting for all".
Characteristics of Partnership Association of Persons Agreement
Profit sharing Management
Partnership Deed • Agreement between partners in oral or writing is known as Partnership Deed. It helps in resolving future disputes.
Kinds of Partners • Active partner • Sleeping Partner
• Nominal Partner • Partner in Profits
Kinds of Partnership • Partnership at Will • Particular Partner
Final Accounts 1. Capital Accounts 2. Profit & Loss Appropriation Account • Interest on Capital • Interest on Drawings • Salaries to Partners • Distribution of Partners 3. Guarantee of Profit to a partner
Interest on Capital i. Interest on Capital A/c Dr. To Partner’s A/c (individually) ii. Profit & Loss Appropriation A/c Dr. To Interest on Capital “OR” iii. Profit & Loss Appropriation A/c Dr. To Partner’s Capital A/c
Interest on Drawings i. Partner’s Capital A/c (individually) Dr. To Interest on Drawings A/c ii. Interest on Drawings A/c Dr. To Profit & Loss Appropriation A/c “OR” iii. Partner’s capital A/c (individually) To Profit & Loss Appropriation A/c
Salaries to Partners i. Salaries to Partners A/c Dr. To Partner’s Capital A/c (individually) ii. Profit & Loss Appropriation A/c To Salaries to Partner A/c “OR” iii. Profit & Loss Appropriation A/c To Partners Capital A/c
ITFT has successfully placed more than 32500 students under undergraduate and post graduate courses in the college with the renowned brands in the country.
Project Practicum & OJT; HRD & Skills Enhancement for Rural Development; Rural Business Policy & Strategic Management; Legal Environment for Rural Business
International business management is one such career course that offers ample scope ... Institute of technology and future management trends called as ITFT.
ITFT College: View infrastructure, placement, courses, fees, photos and reviews. Apply online to ITFT College on CollegeSearch.
Image Enchancement. ... In the ITFT Finishing School learn what to wear for different social and work occasions and for ... Wardrobe and apparel management;
Here are the top 25 Itft profiles on LinkedIn. Get all the articles, experts, jobs, and insights you need.
Learn about working at ITFT Education Group. Join LinkedIn today for free. See who you know at ITFT Education Group, leverage your professional network ...
Itft India. Mobile as a Competitive Advantage. Whether your day-to-day focus is business management, marketing, sales, SEO, social media, advertising ...