Is Notarised Partnership Deed Valid?
A notarised partnership deed is not regarded as a valid document in case of legal disputes. It will not be... View Article
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Is Notary Compulsory for Partnership Deed?
Yes, notarisation of the partnership deed is essential along with registration, as it makes the agreement between partners a legal... View Article
What Are the Benefits of a General Partnership?
Benefits of a general partnership are as follows: It is easy to form Requires very minimal paperwork Tax rules are... View Article
What Are the Two Main Advantages and Disadvantages of Partnerships?
The two advantages and disadvantages of partnership are as follows: Advantages Easy to form Financial resources can be pooled together.... View Article
Is Partnership Deed and Agreement Same?
Partnership deed is a written document that is registered in the court of law whereas agreement can be either written... View Article
What Are 5 Characteristics of a Partnership?
The following are the characteristics of a partnership firm: Existence of agreement (Oral or written in form of partnership deed)... View Article
What Are Three Partnership Features?
Three features of a partnership are: All partners share the risks and rewards associated with the business. Sharing of profits... View Article
Is Stock a Fixed Asset?
Stock in the context of inventory stock is regarded as a current asset, since we can expect our inventory to... View Article
Is Stationery a Fixed Asset?
Stationery will be considered as an asset if someone is dealing in stationeries, while it can be considered as an... View Article
What Does PP&E Stand for in Accounting?
PP&E stands for Property, Plant and Equipment, these are regarded as non-current or fixed assets in accounting. Also read: What... View Article
How to Find Net Fixed Assets?
Net fixed assets can be calculated by using the following formula: Net Fixed Assets Formula = Gross Fixed Assets –... View Article
Is Accumulated Depreciation a Fixed Asset?
Accumulated depreciation refers to the total of all the expenses that are accounted for the fixed asset till date. It... View Article
What does WDV stand for in depreciation?
WDV stands for written down value method of calculating depreciation for fixed assets. Also read: What Is Depreciation Fixed Assets... View Article
What is gross fixed assets?
Gross fixed assets is referred to as the gross book value or the total amount of money that the company... View Article
How to write off fixed assets?
Fixed assets can be written off in two conditions: When the asset becomes obsolete Selling off an asset in exchange... View Article
How to calculate gross fixed assets on a balance sheet?
Gross Fixed Assets can be calculated by the following formulae Net Fixed Assets Formula = Gross Fixed Assets – Accumulated... View Article
How to calculate fixed asset turnover ratio?
Fixed asset turnover ratio can be calculated by the following formula Fixed Asset Turnover Ratio = Net Sales / Fixed... View Article
How to calculate depreciation on sale of fixed assets?
Depreciation on sale of fixed assets can be calculated by the following methods: Straight line method Written down value method... View Article
What are fixed assets and current assets?
Fixed assets are those assets that provide value to the business for the long term, while current assets are those... View Article
Is furniture a fixed asset?
Yes, furniture is a fixed asset. Also read: Fixed Assets Vs Current Assets Intangible Assets Intangible Assets Difference Between Assets... View Article
