Joint life policy is an policy taken by all the partners of the partnership firm for avoiding the disturbance in business due to death or retirement of partners,so when a partner dies insurance company will pay the representatives of the deceased partner otherwise the assets would have to be sold which can led to disturbance of business.thus,JLP is taken...........
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
One proposed treatment is as follows: [Debit]Reserves xxxx [Credit] partner's capital account xxxx
credit to gainig partner &debit to sacrificing partner
Partner?
Bid Bonds accounting recording
Advent Partner has a very high quality partnership accounting software. This software is generally for managing a fund's accounting like one would the fund's assets.
Yes, you may be able to add your domestic partner to your health insurance plan, depending on the specific policies of your insurance provider.
Can range from 45,000(staff) to 700,000(managing Partner)
A domestic partner is treated as a dependent family member for the purposes of insurance, providing the policy in question offers domestic partner coverage and the individuals involved meet the insurance company's criteria for domestic partner coverage.
Generally if a domestic partner is covered then the child of that partner can also be covered.
The average salary for an accounting firm partner is about $179,348 per year. Accounting firm partners have compliance and management responsibilities.
Samsung Life Insurance's motto is 'A Partner For Life'.