Commerce Exam > Commerce Questions > Siya and Jiya want to start a shop to sell Pu...
Start Learning for Free
Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop
the agreement for this purpose. So, they approached a Chartered Accountant who advised
them to prepare a document which may stipulate the terms and conditions of the agreement.
On the basis of given information, answer the following:
(a) Name the document about which the Chartered Accountant advised
Siya and Jiya.
(b) State any four important items they should include in the agreement
name, nature and place of business.?
the agreement for this purpose. So, they approached a Chartered Accountant who advised
them to prepare a document which may stipulate the terms and conditions of the agreement.
On the basis of given information, answer the following:
(a) Name the document about which the Chartered Accountant advised
Siya and Jiya.
(b) State any four important items they should include in the agreement
name, nature and place of business.?
Most Upvoted Answer
Siya and Jiya want to start a shop to sell Punjabi sweets. They did no...
Document Name
Agreement for Partnership
Important Items to Include
1. Name of the Partners: Clearly mention the full names of both partners - Siya and Jiya. This will establish who the agreement is between and will prevent any confusion in the future.
2. Nature of Business: Describe the type of business they are planning to start, which in this case is selling Punjabi sweets. This will define the scope of the partnership and the activities involved.
3. Place of Business: Specify the location where the shop will be set up. Include details such as address, city, and any specific landmarks to accurately identify the business premises.
4. Profit Sharing Ratio: Outline how profits and losses will be distributed between Siya and Jiya. This is crucial to avoid disputes in the future and to ensure transparency in financial matters.
Including these key items in the agreement will not only provide clarity and structure to Siya and Jiya's partnership but also help in setting the foundation for a successful business venture. It is important to consult a legal professional or a Chartered Accountant to ensure that all necessary aspects are covered in the agreement.
Agreement for Partnership
Important Items to Include
1. Name of the Partners: Clearly mention the full names of both partners - Siya and Jiya. This will establish who the agreement is between and will prevent any confusion in the future.
2. Nature of Business: Describe the type of business they are planning to start, which in this case is selling Punjabi sweets. This will define the scope of the partnership and the activities involved.
3. Place of Business: Specify the location where the shop will be set up. Include details such as address, city, and any specific landmarks to accurately identify the business premises.
4. Profit Sharing Ratio: Outline how profits and losses will be distributed between Siya and Jiya. This is crucial to avoid disputes in the future and to ensure transparency in financial matters.
Including these key items in the agreement will not only provide clarity and structure to Siya and Jiya's partnership but also help in setting the foundation for a successful business venture. It is important to consult a legal professional or a Chartered Accountant to ensure that all necessary aspects are covered in the agreement.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.?
Question Description
Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.?.
Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.?.
Solutions for Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? defined & explained in the simplest way possible. Besides giving the explanation of
Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.?, a detailed solution for Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? has been provided alongside types of Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? theory, EduRev gives you an
ample number of questions to practice Siya and Jiya want to start a shop to sell Punjabi sweets. They did not know how to develop the agreement for this purpose. So, they approached a Chartered Accountant who advised them to prepare a document which may stipulate the terms and conditions of the agreement. On the basis of given information, answer the following: (a) Name the document about which the Chartered Accountant advised Siya and Jiya. (b) State any four important items they should include in the agreement name, nature and place of business.? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup