Advertisements
Advertisements
प्रश्न
Choose the Correct Answer.
The partnership deed also called ______
पर्याय
Articles of Association
Articles of Partnership
Partnership Act
Partnership
Advertisements
उत्तर
The partnership deed also called the Articles of Partnership.
APPEARS IN
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.
Answer in one sentence only.
What is the provision of Indian Partnership Act with regard to Interest on Capital?
When Partnership Deed is silent, Partners share profits of the firm according to capital ratio.
What is the meaning of Partnership Deed?
Mohan and Sham are partners in a firm. State whether the claim is valid if the partnership agreement is silent in the following matters:
"Mohan has contributed Rs. 20.000 and Shyam Rs. 50.000 as capital. Mohan wants an equal share in profits."
Assertion (A): A new partner can be admitted into a partnership firm with the consent of all the existing partners.
Reason (R): According to Section 31 of the Indian Partnership Act, 1932, a new partner shall not be introduced into a firm without the consent of all the existing partners, unless it is agreed otherwise by the partners in the partnership deed.
According to the Partnership Act, the relation of partnership arises from ______ and not from status.
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?
Assertion: The SI system of units is the suitable system for measurements.
Reason: The SI unit of temperature is kelvin.
Answer in one sentence only:
Why is Partnership Deed necessary?
