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Q: How interest on drawings is calculated in partnership firms?
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Related questions

What example are partnership?

A partnership is defined as an arrangement where parties agree to cooperate to advance their mutual interests. An example of partnership is doctors who share an office. Law firms and accounting firms are often partnerships.


How do you register the name of a Partnership firm?

If the Partnership firms are business entity that are owned, managed and controlled by one person. So Partners cannot be inducted into a Partnership firm.


You want to know Names of latest registered partnership firms in India.?

bUSINESS


The owners of a firm face unlimited liability for the firms debt in?

Both a proprietorship and a partnership.


Why ratios is calculated?

To see the Firms Financial position Firms Performance Trend analysis


What do firms owe their creditors?

Firms will owe their creditors a debt and usually some type of interest.


What is the difference between partnership and merger?

A partnership is a venture by two or more people. A merger is when the owners of two businesses agree to join their firms together to make one business


In case of amalgamation of partnership firms any profit and loss on revaluation is transferred to accounts in ratio?

in ratio of their capital account


What sort of conflict of interest evolved for audit firms in the 1990s?

During the 1990s the growth of management consulting by audit firms caused many observers to question whether those firms were sufficiently independent to conduct their audits of public companies in the interest of the investing public.


Which group tends to offer most favorable interest rate?

Brokerage firms


The potential conflict of interest between a firms owners and its managers is referred to as what?

agency


Which group tends to offer the most favorable interest rates?

Brokerage firms