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Difference between Sole Trading Concern/Sole Proprietorship and Partnership - Class 11/12, Business Studies, OC

Rajiv Vadera
19/01/2019 0 0

Also useful for -

NCERT/CBSE - Std XIth , ICSE/ISC - Commerce/Commercial Studies, IGCSE/GCSE, Class 12/Std XIIth - State Board, OCM

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PSR in partnership
PSR refers to profit sharing ratio agreed amongst partners of a firm in order to share the profits and losses of the firm. Any chance in PSR will result in reconstitution of partnership and thus require...

Past Adjustments in partnership
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Depreciation
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Goodwill
Goodwill is the reputation being enjoyed by an organization. This is reflected normally in their higher profit earning capacity over competing firms in the same industry. Otherwise, the firm is utilising...
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