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प्रश्न
Choose the Correct Answer.
The partnership deed also called ______
विकल्प
Articles of Association
Articles of Partnership
Partnership Act
Partnership
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उत्तर
The partnership deed also called the Articles of Partnership.
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संबंधित प्रश्न
In the absence of partnership deed, specify the rules relating to the following:
(i) Sharing of profits and losses.
(ii) Interest on partner’s capital.
(iii) Interest on Partner’s drawings.
(iv) Interest on Partner’s loan
(v) Salary to a partner.
Define Partnership Deed.
Answer in one sentence only.
What is the provision of Indian Partnership Act with regard to Interest on Capital?
A, B and C are partners, their partnership deed provides for interest on drawings at 8% per annum. B withdrew a fixed amount in the middle of every month, and his interest on drawings amounted to ₹ 4,800 at the end of the year. What was the amount of his monthly drawings?
If the partnership deed is silent about the profit-sharing ratio, the profits and losses of the firm are to be shared in which ratio?
Mohan and Sham are partners in a firm. State whether the claim is valid if the partnership agreement is silent in the following matters:
"Sham had advanced a loan to the firm. He claims interest @10% per annum".
Write a word/phrase/term which can substitute the following statement.
Legal Agreement in which partners are legally Liable for the acts done by them.
The branch of economics that deals with the allocation of resources.
- Micro economics
- Macro economics
- Econometrics
- None of these
When there is no partnership agreement between partners, the division of Profits takes place in ______ ratio.
Answer in one sentence only:
Why is Partnership Deed necessary?
