AIOU Solved Assignment 2 Code 438 Spring 2017 - AIOU Assignments


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AIOU Solved Assignment 2 Code 438 Spring 2017




AIOU Solved Assignment 2 Code 438 Spring 2017

Aiou solved assignment 2 code 438 Spring 2017. Find here this solved assignment 2 for code 438 Spring 2017. This aiou solved assignment covers the accounting units from 5 to 9 with requirements to solve all the five questions of this assignment. Used the following tags for google searching:- aiou solved assignment 2 code 438 Spring 2017, solved assignment 2 code 438 Spring 2017, aiou solved assignment 2 code 438, solved assignment 2 code 438, aiou code 438 solved assignment 2 Spring 2017, Spring 2017 aiou solved assignment 2 code 438, aiou solved assignment 2 code 438 Autumn 2017

Q No 2: i) Define partnership. Explain kinds of partners in partnership business. Answer (a): Partnership A partnership is an arrangement in which two or more individuals share the profits and liabilities of a business http://aiousolvedassignments.com/venture. Various arrangements are possible: all partners might share liabilities and profits equally, or some partners may have limited liability. Not every partner is necessarily involved in the management and day-to-day operations of the venture. In some jurisdictions, partnerships enjoy favorable tax treatment relative to corporations. Kinds of Partners There are three types of partner in a firm which are given below:-1. General partners. 2. Special partners. 3. Other partners. 1. General Partners: The liability of those partners in the business which are unlimited is called General partners. There are two types. Active partners and sleeping partner and both are discussed in detail in this solved assignment.
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AIOU Solved Assignment 2 Code 438 Spring 2017

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AIOU Solved Assignment 2 Code 438 Spring 2017

AIOU Solved Assignment 2 Code 438 Spring 2017

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