Article 1812
A partner's interest in the partnership is his share of the profits and surplus. (n)
Sa mga accountancy students dito, familiar naman na siguro kung ano ang ibig sabihin ng profits. Excess of the Revenue over the expenses. Ito 'yung income sa baba. 'Yung dino-duble rule. While surplus is the assets of the partnership after partnership debts and liabilities are paid and settled.
BINABASA MO ANG
The Law on Partnerships
RandomThe book aims to help accounting students as well as law students. This book is a case to case basis for better understanding of each of the articles. Students of non-related courses is also encouraged to read for your additional knowledge. ©copyrig...
