Limited Liability Partnership
Excellent commerce point > Limited Liability Partnership
Partnership and LLP Accounts
29
May
Partnership and LLP Accounts Which document is created to outline the rights and duties of partners?a) Memorandum of Associationb) Articles of Associationc) Partnership Deed d) LLP Agreement In the absence of a partnership deed, partners share profits and losses:a) Equally b) In capital ratioc) Based on aged) Based on experience Which account is not prepared […]
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CA Foundation Accounting ,
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Limited Liability Partnership ,
LLP Accounts ,
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Partnership Deed ,
Profit Sharing Ratio ,
Retirement of Partner ,
Revaluation Account ,
Limited Liability Partnership Act, 2008
28
May
Limited Liability Partnership Act, 2008 – CA Foundation Business Law Study Material Question 1.What is meant by Limited Liability Partnership? What are its salient features/characteristics?Answer:An LLP is a new form of legal business entity with limited liability. It is a separate legal entity where LLP itself is liable to the third parties up to the […]