Contents
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:
ALSO READ- What is Meaning of Weighted Average Price Method | Advantages and Disadvantages
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.
Related Links
- What is Installation of a Costing System | Conditions and Factors
- What are the practical difficulties in installing cost accounting
- What is technique of Costing | Various techniques of Costing
- What is Material or Inventory Control | Techniques of Materials Control
- What is FIFO Method | advantages and disadvantages
- What is LIFO method | Advantages and Disadvantages
- What is Periodical or Annual Inventory Control System | Limitations
- Methods of Pricing Material Issues | Cost Methods
- What is Cost of Labour Turnover | Causes, Effects Classification
- What is meant by idle time | Definition, Causes, Control
- What is meaning of overtime work | Reason, Disadvantages
- HIFO method of inventory valuation |Advantages, Disadvantages
- What is two Bin System | Meaning of Bin Card and Specimen
- What is Meaning of NIFO Method | Advantages, Disadvantages
- What is Market Price Method or Replacement Price Method | Advantages, Disadvantages
- What is average cost method of Inventory valuation | Advantages and Disadvantages
- What is Meaning of Weighted Average Price Method | Advantages and Disadvantages
- Meaning of Material Losses | Types and Treatment
- What is Difference Between Waste and Scrap
- What is Meaning of Obsolete Material |Causes, Treatment and Losses
- What are Methods of Labour Remuneration | Advantages, Disadvantages
- What is Meaning of Piece Wage Rate Method | Advantages Disadvantages
- What is Meaning of Remuneration
- What is Collective Bonus Plan | Suitability, Advantages, Disadvantages
Disclaimer
Disclaimer: www.efullform.in does not own this book, PDF Materials Images, neither created nor scanned. We just provide the Images and PDF links already available on the internet. If any way it violates the law or has any issues then kindly mail us; itsabhi356@gmail.com
