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प्रश्न
What is the meaning of Partnership Deed?
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उत्तर
Through a partnership agreement need not necessarily be in writing, it is important to have a written agreement in order to avoid misunderstandings; it is desirable to have a written agreement. A carefully drafted partnership deed helps in ironing out differences that may develop among partners and in ensuring the smooth running of the partnership business. It should be properly stamped and registered.
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संबंधित प्रश्न
Define Partnership Deed.
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.
Discuss the main provisions of the Indian Partnership Act, 1932 that are relevant to partnership accounts if there is no partnership deed.
State whether the following statement is True or False with reasons.
If the partnership deed is silent, partners share profits and losses in proportion to their capital.
Answer in one sentence only.
If the Partnership Deed is silent, in which ratio, the partners will share the profit or loss?
What are the contents of the partnership deed?
The document which contains the terms of the agreement of partnership is called ______.
Partnership deed is silent in respect of sharing of profits and losses; in this case what will be the ratio in which profits and loss to be shared?
Write the word/phrase/term, which can substitute the following sentences.
Partnership agreement in written form.
Partners share profit & losses in ______ ratio in the absense of partnership deed.
