Flashcards
PARTNERSHIP AGREEMENT
Cards in this deck (1)
- 1Partnership AgreementTypical contents:
1. Name of firm, type of business and duration of partnership
2. Capital to be introduced by partners
3. Distribution of profits between partners (may or may not be equal)
4. Drawings of partners (including restrictions)
5. Arrangement of dissolution, or on the death or retirement of partners
6. Settling of disputes
7. Preparation and audit of accounts
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- ACCA CAP1 FINANCIAL ACCOUNTING (Session 7: Introduction to Partnerships) Flashcards on PARTNERSHIP AGREEMENT, created by Jane Pollock on 01/05/2024.
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- Jane Pollock
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