QUESTION 2 (25%) Top and Middle are in partnership‚ sharing profits and losses in proportion 75% and 25%. The partnership agreement provided as follows: (a) Interest at the rate of 10% per annum is to be allowed on the partners’ Capital Account balances. (b) Interest on drawings was to be calculated at 4% per annum. (c) Top was allowed a salary of RM400 per month. (d) Interest on partner loan was 6% per annum. Trial Balance As At 31 December 2009 RM Capital : Top : Middle Current Account : Top :
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level. Cons - it can take a while to learn enough to take advantage of all of this application’s potential. Adobe Photoshop Elements 12 is ideal for beginners and powerful enough for veterans. The flexible‚ professional tools let you manipulate settings with precise detail and enable you to unleash your creative potential. Pros - this program learns from your preferences‚ and the Guided mode gives you step-by-step instructions on what tools to use to accomplish different editing tasks. Cons
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Partnership is the relation between the persons who have agreed to share the profits of the business done by all partners or any one of the partners acting for all. The persons who have entered into a partnership with one another are individually called as partners and collectively it is called as a firm. Partnership firm is formed by more than one individual for the purpose of carrying on a business. The partners have some rights and the following are the rights of the partners: 1. Every
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PARTNERSHIP CASELAW | | This section of the website provides access to all cases summarised in the Partnership Law Updates which have been issued since January 2000 to date. Therefore this Archive operates as a guide to some of the interesting partnership cases decided in common law jurisdictions in recent years. Special thanks are due to Professor Dick Webb (Emeritus Professor of Law in the University of Auckland) for alerting me to many developments contained in this section and to Dr Keith
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1. All work with parents should reflect the rights of the child set out in the UN Convention on the Rights of the Child (1989) ratified by the UK in December 1991 2. Practitioners need to work in partnership with parents at all times‚ encouraging independence and self-reliance 3. Mothers‚ fathers and those in a parenting role are acknowledged as having unique knowledge and information about their children and are the primary educators of their children 4. Children are the responsibility of‚ and
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How to answer a partnership question 1. Identify the issue. 2. Does the issue rely on the relationship being a partnership? 3. • The carrying on of a business; • In common; • With a view to profit. Carrying on of a business Define business – S1B - Partnership Act 1892 (NSW) - Act: Business is every trade‚ occupation or profession. As well as S. 45 Legislation - Section 1 of the Partnership Act 1892 (NSW) provides that : (1) Partnership is the relation which exists between persons carrying
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Blessed Farm Partnership Introduction British Isles has joined the European Community (EC) since 1972. By then‚ Blessed Farm receives funds from EC and its products can be sold at a guaranteed price under the common agricultural policy (CAP) of EC. Although Blessed Farm has faced problems‚ including increase in land prices‚ opposition from residents and increase in number of death of pigs‚ it has been operating for a number of years since there was a great support from different stakeholders
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Limited Liability Partnership Limited Liability Partnership entities‚ the world wide recognized form of business organization has been introduced in India by way of Limited Liability Partnership Act‚ 2008. A There are no sources in the current document.Limited Liability Partnership‚ popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. In an LLP one partner is not responsible or liable for another partner ’s misconduct or negligence;
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List and describe three major advantages of franchising for the franchisee. 1. The most valuable advantage to a franchisee is that you are selling a proven product or service. (Hatten 112) Having a product or service that customers are aware of‚ they know the name and they know what to expect‚ is essential for a franchisee. 2. Franchising often gives the franchisee important pre-opening and on-going support. Such as marketing expertise‚ financial assistance to professional guidance. Professional
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Task A Why is it important for children and young people that you work in partnership with the following people/groups? • Parents‚ carers‚ guardians This partnership is very important because parents or carers need to trust the nursery and staff that work there. They will expect the best quality of care for their child. Partnering well with the parent or carer of the child will increase good communication including sharing important information regarding the child needs‚ wants and development
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