Business Accounts

Business Accounts

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According to partnership law, all participants. in a partnership have the right to examine. the calculations related to the business. If he

Each participant may ask for details. their daily accounts and inspect them in detail, and all participants. have the right to take part.

this

You can get it. copies of the necessary information. from the business accounts and store. them with you.

up to them

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duty of

Compensation of. Losses)

Under the partnership, the business is. based on the sincerity of all the participants, so all the participants. are ready to manage the business with full sincerity.

In such a situation, if there. is a possibility. harm to the business, then some participants involved in the. business invest their capital in the business.

Besides, to protect the business from loss. during business activities, provide capital in the form of cash or frozen assets.

In sound, they have the. right to be. compensated for their help or paid interest at a fixed rate.

(5) Partnership Share

According to the law. of partnership, all participants. in a partnership have the right to. share their capital in the partnership and the amount of that capital.

According to business profit, it is the. the legal right of every participant to contribute to the profit, this right. expires if someone

If an act is. committed by the partner that has. harmed the interests of the partner firm, then in such a situation, not. only the partner's partnership capital is. confiscated.

It is. done, but it is. separated from the partnership.

Business Property Surveillance. (Checking of Business Property)

According to the law of partnership, it is. stipulated in the contract partnership that the business property can only be. used for business purposes and it can be. used for business purposes.

Cannot be. put to personal use, so all participants in the partnership have the right to watch the property. the partnership business and to

Immediately. protest against the misuse of. property so that the commercial property cannot be.

(7) Sharing Profit and Loss

According to the Law of Partnership, all participants. have the right to contribute to the profit and loss. the business based on the amount of capital they have invested.

Also, the participant is not preferred. over the rest of the participants, but, if each participant in. the contract partnership registers participation in profit and loss in different proportions.

If you have gone, then profit and loss according to this.

Is distributed among all participants.

Right to Retire to leave the. firm

According to the law of partnership, every. participant involved in the partnership has the right to separate. from the partnership firm.

If it is. decided in advance in the agreement partnership that any participant will be. allowed, to leave the firm with, the consent of, the rest of, the participants, then he has the right to

If he leaves the partnership firm with the consent.t of all participants, he has. the right from the date of leaving the firm to his

Could get interested due on capital.

Duties of Participants (Duties of Partners)

A partnership is. the name of the relationship between many people on the basis of which they. form the. the foundation of the business together and earn profits by running this business: