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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.
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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.?
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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.?.
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