b.ed practical exam prince cletus

1. WELCOME

2. NAME:PRINCE CLETUS
COMMERCE
REGISTER NO:13982009

3. PARTNERSHIP
ACCORDING TO INDIAN PARTNERSHIP ACT OF
INDIA 1932 SEC(4) DEFINES PARTNERSHIP AS
“the relation between persons who have
agreed to share the profits of a business
carried on by all or any of them acting for all”

4. KINDS OF PARTNERSHIP
• PARTNERSHIP AT WILL
• PARTNERSHIP FOR A FIXED PERIOD
• PARTICULAR PARTNERSHIP
• GENERAL PATRNERSHIP
• LIMITED PARTNERSHIP

5. PARTNERSHIP AT WILL
• A PARTNERSHIP FORMEDWITHOUT FIXING
THE DURATION OF ITS BUSINESS IS CALLED
PARTNERSHIP AT WILL.

6. PARTNERSHIP FOR A FIXED PERIOD
• IT IS A PARTNERSHIP CREATED FOR
PARTICULAR PERIOD OF TIME.SUCH A
PARTNERSHIP COMES TO AN END ON THE
EXPIRY OF A FIXED PERIOD

7. PARTICULAR PARTNERSHIP
• A PARTICULAR PATICULAR PARTNERSHIP IS
ONE WHICH IS CONFINED TO A PARTICULAR
UNDERTAKING OR VENTURE
• EXAMPLE :A P ARTNERSHIP BETWEEN AN
AUTHOR AND PUBLISHER

8. GENERAL PARTNERSHIP
• WHERE A PARTNERSHIP IS CONSTITUTED WITH
RESPECT TO THE BUSINESS IN GENERAL IT IS
CALLED A GENERAL PARTNERSHIP.
• LIABILITY OF ALL PARTNERS IS UNLIMITED IN
THESE TYPE OF PARTNERSHIP.
• UNLIMITED LIABLITY MEANS THE PARTNERS ARE
LIABLE TO THE DEBTS INCURRED BY BUSINESS
SUCH THAT THEIR PERSONNAL BELONGINGS CAN
BE PENALISED FOR RECOVERING THE DEBT

9. LIMITED PARTNERSHIP
• A PARTYNERSHIP WHICH CONTAINS A LIMITED
PARTNER OR PARTNERS IS CALLED LIMITED
PARTNERSHIP
• IN THIS TYPE OF PATRNERSHIP THERE ARTE
TWO TYPES OF PARTNERS LIMITED PARTNERS
AND GENERAL PARTNERS.BUT THIS KIND OF
PARTNERSHIP IS NOT ALLOWED IN INDIA

10. THANKYOU