Acumen+giving+you+the+edge

Report this comment to a moderator

Please fill in the form below if you think a comment is unsuitable. Your comments will be sent to our moderator for review.

Report comment to moderator

Mandatory All fields must be completed.

Headline

Cobbetts coy over profit as figures fall

Comment

Re question by Purple goat and answer by Anonymous. - the partner's are required to make good the shortfall - they share in the profits or losses of the firm. - there are no drawings (on account of profit) because there is no profit - the firm doesn't need to borrow money to pay drawings. The firm may need to borrow to ensure that working capital is maintained in order to pay on-going costs such are salaries, rent etc.

Posted date

11-Aug-2009

Posted time

10:43 am

Mandatory
Mandatory
Mandatory

Most popular

Most commented

Most emailed