What is general partner?

Q: se the followir S he partners At ers

A: Answer: Concept The value of liquidation is divided equally to all partners in ratio of partners…

Q: Define partnership

A: A partnership is a legal agreement between 2 or more person to run the business for a foreseeable…

Q: What is group lending

A: What is Group lending.

Q: What is managing underwriter?

A: Managing Underwriter: The leading company in a guaranteeing group, which creates the transaction and…

Q: When does an agency relationship happen

A: Agent Relationship : The official stipulations of a specific principal-agent relationship are…

Q: What exactly is a social contract, and how does it relate to the legitimacy of an organization?

A: The Answer :

Q: When is an employer-employee relationship exist?

A: Definition:

Q: What is a VIE? State it's full form and meaning.

A: Explain the term variable interest entity (VIE). A legal business structure is known as a variable…

Q: Partnership

A: Correct answer is  C  Partnership.

Q: What is a statement of circumstances?

A: The external auditor is expected to lodge a statement of circumstances at the company's registered…

Q: How is private placement beneficial?

A: Private Placement is also referred to as non-public offering.It refers to funding of securities…

Q: Briely discuss the advantage and disadvantage of franchise.

A: A franchise is a sort of license that allows a franchisee to sell a product or service under the…

Q: Which standards apply to consulting engagements?

A: Certified Public Accountant (CPA): It is a position which is provided to the person who passes the…

Q: Explain connecting affiliation and mutual ownership. Explain the differences between the two.

A: In a connecting affiliation, at least one subsidiary has stock in the parent company. ... In a…

Q: Who is considered a related party when we refer to related party transactions

A: Transactions where the client or the client's top management is related to each other or where the…

Q: the partnersnip.

A: Kris capital after admission of Kelly's is = 112500

Q: How should recommendations and suggestions by a covered member to a client be handled?

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: What are the similarities of the Autocratic Model, custodial Model, Supportive Model, Collegial…

A: Management and owners have official authority to govern the work and the workers that work for them…

Q: What are the characteristics of a Covered Member?

A: Covered member is an individual on the attest engagement team. Covered member is an individual in a…

Q: What are the critearia for determining if a fiduaciary relationship exists?

A: Fiduciary relationship represents the relationship that is between the trustee and beneficiary.

Q: Define Franchise.

A: There are several forms of business like the sole proprietorship, partnership and corporation which…

Q: What is a private placement?

A: A company needs funds(or money) to finance its operations. A company can either issue debt or equity…

Q: Define Pooling of interests method

A: The pooling of interest is a technique used for the M&A between two companies. In this method,…

Q: Explain the legal distinction between an agent and a broker and give some example.

A: Agents and brokers are two different things and are two have different responsibilities and roles.

Q: What is CPA?

A: CPA is certified public accountant.

Q: What is a forward contract?

A: Introduction: This question is related to the concept of financial derivatives. Derivative…

Q: What is competitive bidding?

A: Competitive Bidding: It involves a proposal by one firm aiming to offer its services or bid for the…

Q: Who are the parties involved in consulting services? Explain.

A: Consulting business is the type of business which falls within the category of the services business…

Q: What is a social contract and how does it relate to organisational legitimacy

A: Social Contract:   Social Contract is refer as the how business interact with the society.

Q: Define Vested benefits.

A:

Q: which of the following doctrine or theory is called the doctrine of symbiotic relationship

A: The answer for the multiple choice question and relevant explanation are presented hereunder : The…

Q: Differentiate between a private placement and apublic offering.

A: Private placement is sale of debt or securities between a company & selected number of…

Q: Create a simple Organizational Structure of General Partnership

A: General partnership refers to the arrangement of business through which two or more than two persons…

Q: What is the significance of an engagement lette

A: Auditing:   Auditing refers to an independent examination of financial information of any…

Q: Differentiate between private and public markets.

A: There are two types of markets for dealing with securities like stocks & bonds. They are public…

Q: Define Households.

A: A household refers to a social entity of people living in a house or a home. However, this…

Q: What is articles of association

A: Articles of Association is very important documentation for the company which shows all the rules…

Q: What is intra group transactions

A: Inter group transactions are the financial or commercial transactions which involve two companies of…

Q: What is an inter vivos trust?

A: Inter Vivos Trust: An inter vivos trust is a kind of trust which is made in the lifetime of the…

Partnership Accounting

A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings, admission of a new partner, etc. 

Partner Admission and Withdrawal

A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings of a partner, etc.