13 - Which of the following is true for cooperatives? A) It can be established with a maximum of 10,000 partners. B) The number of partners is variable. C) The registered capital system is essential. D) The minimum limit of the partnership share is 50 TL. E) The capital is represented by shares.
Partnership Accounting
A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings, admission of a new partner, etc.
Partner Admission and Withdrawal
A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings of a partner, etc.
13 - Which of the following is true for cooperatives?
A) It can be established with a maximum of 10,000 partners.
B) The number of partners is variable.
C) The registered capital system is essential.
D) The minimum limit of the
E) The capital is represented by shares.
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