M.Sc Notes

What is Co-partnership Scheme | Profit sharing and Co-partnership

Co-partnership Scheme
Co-partnership Scheme

Meaning of Co-Partnership Scheme

Co-partnership confers upon employees the opportunity to share in the capital of the factory and to receive a part of the profit that accrue to their share of ownership.

Co-partnership differs from profit sharing in two respects:

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Difference between Profit sharing and Co-partnership scheme

1. In co-partnership, employees invest capital in the factory, whereas in profit sharing scheme, the employees do not contribute to capital.

2. In co-partnership the employees share profit and loss, if there is any, where-as in profit sharing scheme, the workers receive only a share in the profit but they are not called upon to bear the losses.

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