Chapter # 03 Partnership Q-1 Define Partnership and explain the features of Partnership? Ans. A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money‚ property‚ labor or skill‚ and expects to share in the profits and losses of the business. A partnership must file an annual information return to report the income‚ deductions‚ gains‚ losses‚ etc.‚ from its operations‚ but it does not pay income tax. Instead
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PARTNERSHIP Partnership is defined as a relation between persons who have agreed to share the profits and losses of a business carried on by all of them or any of them acting for all‚ on a pre agreed profit sharing ratio. The main types of partnerships are general partnership‚ limited partnership and Joint venture. General Partnership is a partnership in which all the partners share equal responsibilities and liabilities in the partnership firm/company. The main characteristic of general partnership
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Helping Working Students Help Themselves: A Recommendation Policy Shiela Marie E. Morao1 Prince Aian G. Villanueva2 Political Science Student‚ CSJL Faculty‚ Political Science‚ CSJL ABSTRACT This paper presents the relationship between academic achievement and job performance of working students in four different colleges and universities in Intramuros‚ Manila. Using an FGD involving working students from the Intramuros Consortium‚ the study tries to understand how working hours affects
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As a general role‚ care workers should provide active support when working in partnership with individuals. This means encouraging people to be as independent and self-managing as possible. Health care is delivered in Ireland in two ways‚ either statutory or voluntary organisations. A statutory organisation are stated or government run such as the HSE. A voluntary organisation is a not-for-profit funded through donations and fundraising events such as Down syndrome Ireland and Enable Ireland. The
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Help desk support‚ IT service‚ and career; all these words have a meaning‚ and a strong one at that‚ to me and my fellow students. To some‚ help desk support is a job they are looking forward to obtaining‚ others may already be in that job and enjoy it. IT services are the essentials that we need to know in order to advance our knowledge and careers. Lastly‚ career‚ the main reason why we all went to school in the first place‚ to start building a career that we can then build a life around. Let me
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have you changed your views on methods for resolving conflict issues between nations with different cultural traditions? (20 points) There are many different cultural traditions around the world and many have their own styles‚ values‚ conventions‚ and social practices. The videos that the class has watched has been very informative and has explained quite a lot about other cultures and their traditions. The views that I have had over the years about resolving conflictual issues as it relates to other
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Conflict between different stakeholders is inevitable in a functional business; disputes that are mainly arises between the employer and employee includes‚ wage demands management policies‚ working conditions‚ political goals and or social issues. A successful business will depend on its effectiveness and strategies in management these conflicts. Strategies include‚ using communications systems‚ rewarding the employees‚ training and develop net‚ and flexible working conditions. In applying these
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to Bentley Physiotherapy’s partnership agreement that Tim‚ Kathy and Martin are partners and that Bentley Physiotherapy is operating as a partnership so no further analysis into the essential elements of a partnership is necessary. It is stated that Adam made it clear that he didn’t want to be a partner. This does not give us any reason to believe that Adam is not a partner of the business. Whether a partnership exists is a mixed question of fact and law. WA Partnership Act 1895 – S8 sets out some
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Civil Law SUMMER REVIEWER CHAPTER 1: GENERAL PROVISIONS PARTNERSHIP - a contract wherein two or more persons bind themselves to contribute money‚ property‚ or industry to a common fund‚ with the intention of dividing the profits among themselves. (see Art. 1767‚ CC) (General Professional Partnership‚ Art.1767¶2) Two or more persons may also form a partnership for the exercise of a profession. ELEMENTS OF A PARTNERSHIP: There shall be a partnership whenever: 1. There is a meeting of the minds; 2. To
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November 6‚ 2015 Primary Source Analysis Contact and Conflict European explorers have great impact on Canadian history. Their Journals are important historical documents for historians to study the Canadian history. Because these journals appeared in many kinds of forms and provided very detailed information about early Canada before confederation. These documents portray very vividly the life in Canada and shows that the process to confederation is full of contacts and conflicts between Europeans and
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