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Accounting for partnership - Basic concepts( chapter notes) - Commerce PDF Download

Accounting for partnership - Basic concepts( chapter notes) - CommerceThe contents  of partnership deed are:
1.name and address of all the partners 
2.Name and address of the firm. 
3. Principle place of business 
4. Nature of business. 
5. Date of commencement of partnership. 
6. Rules regarding operation of bank account. 
7. Capita to be contributed to each partner. 
8. Intrest on capital, drawings and loan. 
9. Salary and commission to partners 
10. Profit and loss sharing Ratio.
11. Accounting period of the firm. 
12. Mode of settlement of account in case of admission, retirement, death of a partner and dissolution of a firm. 
13. Mode of auditory appointment. 
14. The rights duties and liability of each Partner.
15. Treatment of loss arising out of insolvency of one or more partner. 
16. Method of settlement of disputes among the Partner.
17.. Valuation of Goodwill. 
18. any  other matter relating to the conduct of business. 

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