TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
accounting.pptx
1. Presentation By: Malik Fayaz Chan
MTN: 22-13581
Department: ADP-IT
Subject: Financial Accounting
Presentation To: Sir Abdul Hannan
2. partnership
• Apartnership consist oftwo (Apartnership consist oftwo (2)to20part ownersengagedinbusinesswithaview
Apartnershipconsistof two to 20 part ownersengagedinbusinesswitha
viewto making a profit.
3.
4. Characteristics of partnership
▪ Partnersusuallyruntheirbusinessbasedon what is written in their
partnership deed. In the absence of this deed, partners make
reference to the British PartnershipAct of 1890.This act, among
other things, states that profits and losses are to be shared equally.
Agreementon theconductofthe business is usually by
unanimous vote
5. Characteristics of partnership
▪ Such businesses should be registeredwith theCompaniesOffice
of Jamaica who will require information such as the name of the
business,type of business,names and occupations of the
partners, etc.
▪ Partners will either share management functions, agree that
one partner should serveas manager, or employ a manager.
6.
7. Advantage of partnership
▪ Morecapital can be raised than in the sole- tradertype
business.
▪ Partnerships are fairly easily formed and start-up costs are
low.
▪ Thebusinessbenefitsfromthevariedideas and abilities of
partners.
▪ Specializationamongmanagersincreases output.
8. Advantage of partnership
▪ The partnership is a more efficient and more controlled
business than the sole trader.
Theworkloadcanbeshared.Thisallows partnersto be able to
take holidays.
There is limited governmentinterference.
Partners maintain close contact with employeesand customers
9.
10. Disadvantage of partnership
There is unlimited liability for ordinary partnersand for
unlimited partnerships.
Therecan also be a lack of continuity.
Disagreementsoftenoccuramongpartners.
11. Disadvantage of partnership
▪ Allpartnerswill lose if one partnermakes a bad decision.
▪ Capital is still limitedsince therecan only be a maximum of 20
partners.
▪ Thereis a difficulty in finding suitable partners.
