Partnership Accounts
Partnership Accounts
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In our eReader you can find the full English version of the book. Read Partnership Accounts 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 Partnership Accounts
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. . From all claims and demands. And if the survivors shall decline to take the assets and liabilities of the partnership .... The share of each partner in the partnership shall be ascertained, and each shall give to PARTNERSHIP ACCOUNTS. 57 the other such indemnities as may be necessary for carrying this article into effect.
It is in this death clause, and those following incidental to it, that we should look to see whether the survivors are to take the assets and liabilities at certain figure...s to be based, perhaps, on incidents of the partnership, or otherwise to be ascertained. If no such stipulations are mentioned, and pro- vided always that the deed is otherwise silent on the subject, then, as I have said, the survivors are left very much with the matter in their hands to place their own valuations. This is distinctly unsatisfactory from the accountant's point of view, as he must then work upon information supplied without actual authority, for it must be remembered that although the survivors may state certain figures as those which are to be adopted, yet it does not always follow that they will be ultimately agreed to by the deceased's representatives.
What to read after Partnership Accounts?
You can find similar books in the "Read Also" column, or choose other free books by Percy Child to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
. . From all claims and demands. And if the survivors shall decline to take the assets and liabilities of the partnership .... The share of each partner in the partnership shall be ascertained, and each shall give to PARTNERSHIP ACCOUNTS. 57 the other such indemnities as may be necessary for carrying this article into effect.
It is in this death clause, and those following incidental to it, that we should look to see whether the survivors are to take the assets and liabilities at certain figure...s to be based, perhaps, on incidents of the partnership, or otherwise to be ascertained. If no such stipulations are mentioned, and pro- vided always that the deed is otherwise silent on the subject, then, as I have said, the survivors are left very much with the matter in their hands to place their own valuations. This is distinctly unsatisfactory from the accountant's point of view, as he must then work upon information supplied without actual authority, for it must be remembered that although the survivors may state certain figures as those which are to be adopted, yet it does not always follow that they will be ultimately agreed to by the deceased's representatives.
What to read after Partnership Accounts?
You can find similar books in the "Read Also" column, or choose other free books by Percy Child to read onlineMoreLess
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