Submit Search
Upload
Partnership firm by Jyotika Raikwar
•
Download as PPTX, PDF
•
3 likes
•
1,221 views
webtelacademy
Follow
Partnership Firm Theory
Read less
Read more
Education
Report
Share
Report
Share
1 of 13
Download now
Recommended
Accounting For A Partnership Firm
Accounting For A Partnership Firm
Dr. Trilok Kumar Jain
A C C O U N T I N G A D J U S T M E N T S F O R F I N A N C I A L A N A L...
A C C O U N T I N G A D J U S T M E N T S F O R F I N A N C I A L A N A L...
Dr. Trilok Kumar Jain
Is it mandatory to register a partnership firm.
Is it mandatory to register a partnership firm.
vakilsearch_tutorial
Formation of partnership deed & firm
Formation of partnership deed & firm
Ashish Bhadauria
Co operative society by arc
Co operative society by arc
Aniket Chordiya
Accounting for partnership part 1
Accounting for partnership part 1
akaynation
Limited Liability Partnership
Limited Liability Partnership
Amitanshu Srivastava
Cooperative Society
Cooperative Society
Prabhat Mani Tripathi
Recommended
Accounting For A Partnership Firm
Accounting For A Partnership Firm
Dr. Trilok Kumar Jain
A C C O U N T I N G A D J U S T M E N T S F O R F I N A N C I A L A N A L...
A C C O U N T I N G A D J U S T M E N T S F O R F I N A N C I A L A N A L...
Dr. Trilok Kumar Jain
Is it mandatory to register a partnership firm.
Is it mandatory to register a partnership firm.
vakilsearch_tutorial
Formation of partnership deed & firm
Formation of partnership deed & firm
Ashish Bhadauria
Co operative society by arc
Co operative society by arc
Aniket Chordiya
Accounting for partnership part 1
Accounting for partnership part 1
akaynation
Limited Liability Partnership
Limited Liability Partnership
Amitanshu Srivastava
Cooperative Society
Cooperative Society
Prabhat Mani Tripathi
What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERP
Celine George
Field Attribute Index Feature in Odoo 17
Field Attribute Index Feature in Odoo 17
Celine George
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Mr Bounab Samir
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
TechSoup
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERP
Celine George
DATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginners
Sabitha Banu
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice great
YousafMalik24
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
Sarwono Sutikno, Dr.Eng.,CISA,CISSP,CISM,CSX-F
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
ChelloAnnAsuncion2
ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4
MiaBumagat1
OS-operating systems- ch04 (Threads) ...
OS-operating systems- ch04 (Threads) ...
Dr. Mazin Mohamed alkathiri
Gas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptx
Dr.Ibrahim Hassaan
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
9953056974 Low Rate Call Girls In Saket, Delhi NCR
ENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choom
nelietumpap1
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
JoshuaGantuangco2
Visit to a blind student's school🧑🦯🧑🦯(community medicine)
Visit to a blind student's school🧑🦯🧑🦯(community medicine)
lakshayb543
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
iammrhaywood
Science 7 Quarter 4 Module 2: Natural Resources.pptx
Science 7 Quarter 4 Module 2: Natural Resources.pptx
MaryGraceBautista27
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
iammrhaywood
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
Postal Advocate Inc.
2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
Marius Sescu
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
Expeed Software
More Related Content
Recently uploaded
What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERP
Celine George
Field Attribute Index Feature in Odoo 17
Field Attribute Index Feature in Odoo 17
Celine George
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Mr Bounab Samir
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
TechSoup
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERP
Celine George
DATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginners
Sabitha Banu
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice great
YousafMalik24
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
Sarwono Sutikno, Dr.Eng.,CISA,CISSP,CISM,CSX-F
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
ChelloAnnAsuncion2
ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4
MiaBumagat1
OS-operating systems- ch04 (Threads) ...
OS-operating systems- ch04 (Threads) ...
Dr. Mazin Mohamed alkathiri
Gas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptx
Dr.Ibrahim Hassaan
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
9953056974 Low Rate Call Girls In Saket, Delhi NCR
ENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choom
nelietumpap1
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
JoshuaGantuangco2
Visit to a blind student's school🧑🦯🧑🦯(community medicine)
Visit to a blind student's school🧑🦯🧑🦯(community medicine)
lakshayb543
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
iammrhaywood
Science 7 Quarter 4 Module 2: Natural Resources.pptx
Science 7 Quarter 4 Module 2: Natural Resources.pptx
MaryGraceBautista27
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
iammrhaywood
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
Postal Advocate Inc.
Recently uploaded
(20)
What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERP
Field Attribute Index Feature in Odoo 17
Field Attribute Index Feature in Odoo 17
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Like-prefer-love -hate+verb+ing & silent letters & citizenship text.pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERP
DATA STRUCTURE AND ALGORITHM for beginners
DATA STRUCTURE AND ALGORITHM for beginners
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice great
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4
OS-operating systems- ch04 (Threads) ...
OS-operating systems- ch04 (Threads) ...
Gas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptx
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
ENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choom
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
Visit to a blind student's school🧑🦯🧑🦯(community medicine)
Visit to a blind student's school🧑🦯🧑🦯(community medicine)
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
ECONOMIC CONTEXT - LONG FORM TV DRAMA - PPT
Science 7 Quarter 4 Module 2: Natural Resources.pptx
Science 7 Quarter 4 Module 2: Natural Resources.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
Featured
2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
Marius Sescu
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
Expeed Software
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
Pixeldarts
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
ThinkNow
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
marketingartwork
Skeleton Culture Code
Skeleton Culture Code
Skeleton Technologies
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
Neil Kimberley
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
contently
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
Albert Qian
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
Search Engine Journal
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
SpeakerHub
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
Clark Boyd
Getting into the tech field. what next
Getting into the tech field. what next
Tessa Mero
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Lily Ray
How to have difficult conversations
How to have difficult conversations
Rajiv Jayarajah, MAppComm, ACC
Introduction to Data Science
Introduction to Data Science
Christy Abraham Joy
Time Management & Productivity - Best Practices
Time Management & Productivity - Best Practices
Vit Horky
The six step guide to practical project management
The six step guide to practical project management
MindGenius
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
RachelPearson36
Featured
(20)
2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
Skeleton Culture Code
Skeleton Culture Code
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
Getting into the tech field. what next
Getting into the tech field. what next
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
How to have difficult conversations
How to have difficult conversations
Introduction to Data Science
Introduction to Data Science
Time Management & Productivity - Best Practices
Time Management & Productivity - Best Practices
The six step guide to practical project management
The six step guide to practical project management
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Partnership firm by Jyotika Raikwar
1.
Only ‘e’ learning
can make ‘e’xpert Accountant {An ISO 90001-2008 Certified Company} A Unit of Webtel Electrosoft Private Limited
2.
CHAPTER -7 INCOME
FROM PARTNERSHIP FIRM WHAT IS PARTNERSHIP FIRM PROCEDURE FOR REGISTRATION OF A PARTNERSHIP FIRM INCOME FROM PARTNERSHIP FIRM PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
3.
INCOME FROM PARTNERSHIP
FIRM What is partnership firm CHAPTER -7 A Partnership firm refers to a business house which is owned by two or more people jointly. If any partner become insolvent or dies, the partnership firm gets dissolved.” To make a partnership firm there is need to make a partnership between two or more people. PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
4.
CHAPTER -7 INCOME
FROM PARTNERSHIP FIRM Advantages / Disadvantages of partnership FIRM Advantages • Easy to Form(No legal formalities) • Availability of Large resources • Flexibility in operation • Better Decision • Sharing Risk Disadvantage • Limited Capital • Absence of Legal Status • Dissolution • Mutual Trust • Sharing of Profit PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
5.
CHAPTER -7 INCOME
FROM PARTNERSHIP FIRM Procedure for registration of a partnership firm The law relating to a partnership firm is contained in the Indian Partnership Act, 1932. • As per Section 58 of the Act, a firm may be registered at any time by filing an application with the Registrar of Firms of the area in which any place of business of the firm is situated. • It is not compulsory to get registration of firms. It is optional for partners to set the firm registered and there are no penalties for non-registration. PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
6.
CHAPTER -7 INCOME
FROM PARTNERSHIP FIRM Procedure for Registration of a partnership firm Make an Application Prescribe Form for Incorporation in FORM 01 and Affidavit Attached Certified copy of Partner ship Deed and ownership proof of the principal place of business Submit all Document to the Registrar Hyperlink PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
7.
CHAPTER -7 INCOME
FROM PARTNERSHIP FIRM Procedure for registration of a partnership firm When the Registrar of Firms is satisfied that the provisions of section 58 have been duly complied with, he shall record an entry of the statement in the Register of Firms and issue a Certificate of Registration. PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
8.
CHAPTER -7 INCOME
FROM PARTNERSHIP FIRM Procedure for registration of a partnership firm For Examples MR. MANOJ KAUSHAL and MR.PRASHANT has started a partnership firm with the name of M/S PRAMAN SALES. before start the business they have decided to make a PARTNERSHIP- DEED Click here for Partnership deed Hyperlink PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
9.
INCOME FROM PARTNERSHIP
FIRM Responsibilities of a firm CHAPTER -7 At the end of year firm has to Maintain • Profit and loss account • Balance Sheet • Profit and Loss Appropriation Account • Computation • Depreciation Hyperlink PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
10.
CHAPTER -7 INCOME
FROM PARTNERSHIP FIRM Some Accounts requiring consideration while preparing the final account. These are • Partner’s Capital Accounts • Interest on Partner’s Drawings • Interest on Partner’s Capitals • Salary or Commission to Partners • Interest on Partner’s Loan • Capital Ratio and distribution of Sharing Profit Hyperlink PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
11.
INCOME FROM PARTNERSHIP
FIRM Assessment of Firm Net Profit as per Profit and Loss Account Add: In-admissible Expenses Less: Admissible Expenses Less: Income credited to P & L A/c but taxable under other heads CHAPTER -7 Less: Maximum amount allowed on account of Remuneration U/s 40b Less: Deduction chapter VI A Net Taxable Income from Partnership Firm PREV © WEBTEL ELECTROSOFT PVT. LTD. PRINT PDF NEXT
12.
PREV © WEBTEL
ELECTROSOFT PVT. LTD. PRINT PDF NEXT
13.
PREV © WEBTEL
ELECTROSOFT PVT. LTD. PRINT PDF NEXT
Download now