Posts

disclaimer generator

If you require any more information or have any questions about our site's disclaimer, please feel free to contact us by email at msudha791@gmail.com Disclaimers for ACCOUNTS All the information on this website - http://sudhamohan2001.blogspot.com/2020/07/admission-of-partnership-accounts.html - is published in good faith and for general information purpose only. ACCOUNTS does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this website (ACCOUNTS), is strictly at your own risk. ACCOUNTS will not be liable for any losses and/or damages in connection with the use of our website. Our Disclaimer was generated with the help of the  Disclaimer Generator  and the  Disclaimer Generator . From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content
Read more

privacy policy

At ACCOUNTS, accessible from http://sudhamohan2001.blogspot.com/2020/07/admission-of-partnership-accounts.html, one of our main priorities is the privacy of our visitors. This Privacy Policy document contains types of information that is collected and recorded by ACCOUNTS and how we use it. If you have additional questions or require more information about our Privacy Policy, do not hesitate to contact us. This Privacy Policy applies only to our online activities and is valid for visitors to our website with regards to the information that they shared and/or collect in ACCOUNTS. This policy is not applicable to any information collected offline or via channels other than this website. Consent By using our website, you hereby consent to our Privacy Policy and agree to its terms. Information we collect The personal information that you are asked to provide, and the reasons why you are asked to provide it, will be made clear to you at the point we ask you to provide your personal informat
Read more

Admission of a partnership accounts

New partner can be admitted when the firm is in need of more capital or persons with better managerial skills or both. Admission of a partner is one of the modes of reconstituting the firm because with the admission of a partner,existing agreement comes   to an end and new agreement among all the partners ( including incoming or new partner)comes into force.Capital contribution by the new partner ,his share of profits and other conditions are agreed upon.The new partner on joining becomes liable for the liabilities of the firm and entitled to have share in assets and liabilities of the firm and entitled to have share in assets and profits of the firm. According to section 31 of the Indian Partnership Act,1932 ,a person can be admitted as a new partner: i)if it is so agreed in the Partnership Deed, or ii)in the absence of the above ,if all the partners agreed for the admission. After admission ,the new partner gets following two rights: 1.Right to share future profits of t
Post a Comment
Read more