Partnership - PSR
This query is : Resolved
14 October 2008
Is it possible for a partnership firm to have PSR like this
say 3 partners:
A - 30%
B - 30%
C - 30%
Reserves & Surplus a/c - 10%
Res & Surpls a/c to be distributed equally among the partners or as mutually agreed upon by them at any time or at the time of distribution
say 3 partners:
A - 30%
B - 30%
C - 30%
Reserves & Surplus a/c - 10%
Res & Surpls a/c to be distributed equally among the partners or as mutually agreed upon by them at any time or at the time of distribution
14 October 2008
Not possible. As the partners undertake to take profit and loss in the proportinate share.
14 October 2008
100% to be shared necessarily among the partners.
15 October 2008
Great thought,but sorry to say, its not permissible
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