财务会计英语unit概述.pptVIP

Section 1Partnership Accounting 1.1 Characteristics of a partnership Voluntary association (自愿的联盟) Partnership agreement (合伙契约) Limited life (有限经营期限) A partnership has a limited life because it is easily dissolved when (1) a new partner is admitted; (2) a partner withdraws; (3) a partner goes bankrupt or becomes incompetent; (4) a partner dies or retires; (5) the partnership ends according to the partnership agreement. Section 1Partnership Accounting Unlimited liability (无限责任) Co-ownership of property (财产共有) Participation in profits and losses (参与损益分配) Sect