Accounting in Theory And Practice a Text book for the Use of Accountants Soli
Accounting in Theory And Practice a Text book for the Use of Accountants Soli
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In our eReader you can find the full English version of the book. Read Accounting in Theory And Practice a Text book for the Use of Accountants Soli Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Accounting in Theory And Practice a Text book for the Use of Accountants Soli
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Sometimes it is desirable that either partner in respect of devoting his whole time to the business should receive a salary before the divisible profits are ascertained, so that in the event of there being no profits such partner still draws his salary. Interest on the capital employed should also be charged before arriving at the divisible ' profits. Even when the capital of a partnership at starting is the same, during the progress of the partnership, in consequence of circumstances arising, ...the proportions of the partners' capital change, and to make a fair allowance for this it is very desirable that there should be a stipulation in the deed of co-partnery that interest is to be allowed at the rate of say 4 or 5 per cent upon all sums at the credit of the partners, and charged on all sums at their debit. The effect of this is that the partners receive interest in respect of the money they have in the business. The proportion in which the profits and losses of the business are to be allocated should be strictly defined.
What to read after Accounting in Theory And Practice a Text book for the Use of Accountants Soli?
You can find similar books in the "Read Also" column, or choose other free books by George Lisle to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Sometimes it is desirable that either partner in respect of devoting his whole time to the business should receive a salary before the divisible profits are ascertained, so that in the event of there being no profits such partner still draws his salary. Interest on the capital employed should also be charged before arriving at the divisible ' profits. Even when the capital of a partnership at starting is the same, during the progress of the partnership, in consequence of circumstances arising, ...the proportions of the partners' capital change, and to make a fair allowance for this it is very desirable that there should be a stipulation in the deed of co-partnery that interest is to be allowed at the rate of say 4 or 5 per cent upon all sums at the credit of the partners, and charged on all sums at their debit. The effect of this is that the partners receive interest in respect of the money they have in the business. The proportion in which the profits and losses of the business are to be allocated should be strictly defined.
What to read after Accounting in Theory And Practice a Text book for the Use of Accountants Soli?
You can find similar books in the "Read Also" column, or choose other free books by George Lisle to read onlineMoreLess
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