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Managerial accounting Sometimes labour is given a share of the profit in the form of shares. This form of profit-sharing is called labour co-partnership. It

Managerial accounting Sometimes labour is given a share of the profit in the form of shares. This form of profit-sharing is called labour co-partnership. It gives the labour a permanent interest in the future of their organisation. Hence, this scheme is also known as co-ownership. Though the employees get part of the capital and profits accruing thereon, these shares may or may not carry the voting rights. The employees may freely deal with these shares or a few restrictions may be placed on them. Sometimes, employers may be given a loan to buy the company's shares.

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