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What is the meaning of Partnership Deed? - Commerce

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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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पाठ 5: Hindu Undivided Family and Partnership - Exercises [पृष्ठ ४५]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
पाठ 5 Hindu Undivided Family and Partnership
Exercises | Q III. 7. | पृष्ठ ४५

संबंधित प्रश्‍न

Partnership Deed is an _____ of Partnership.


Answer in one sentence only.

Why is partnership deed necessary?


What are the contents of the partnership deed?


What are the contents of the partnership deed?


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?


Assertion: The SI system of units is the suitable system for measurements.

Reason: The SI unit of temperature is kelvin.


Partners share profit & losses in ______ ratio in the absense of partnership deed.


\[\ce{NaHSO4 +NaCl->[420k] Na2SO4 +HCl}\]

\[\ce{2H2O2(l)->2H2O(l) +O2(g)}\]

\[\ce{CO2 +H2O <=> H2CO3}\]

\[\ce{H2(g) +1/2 O2(g) -> H2O(l)}\]

\[\ce{MX(s)-> M^⊕(g) + X^⊖(g)}\]

\[\ce{3Ar-OH+\underset{(neutral)}{FeCl3}->\underset{(deep colour)}{(Ar-O)3 Fe}+3HCl}\]

\[\ce{\underset{Methane}{CH4 +Cl2}->[U.V] \underset{Methylchloride}{CH3Cl +HCl}}\]

\[\ce{Xe(g) +F2(g)->[673K][1 atm] XeF2(s)}\]

\[\ce{K4 [Fe(CN)_6]->\underset{(counter ion)}{4K^⊕(aq)} +\underset{(complex ion)}{[Fe(CN)_6]^{4⊖}}}\]

\[\ce{CO +\underset{(steam)}{H2O}<=>[Fe-Cr][catalyst] CO2 +H2}\]

\[\ce{Me3N: +BF3-> Me3\overset{⊕}{N}-\overset{⊖}{B}F3}\]

\[\ce{R -C\overset{⊖}{OO}\overset{⊕}{Na}+NaOH->[CaO][\Delta] R-H +Na2CO3}\]

\[\ce{\underset{(Sodium acetate)}{CH3 -CO\overset{⊖}{O}\overset{⊕}{N}a} +NaOH->[Cao][\Delta]\underset{(Methane)}{CH4} +Na2CO3}\]

\[\ce{3Ar -OH\underset{(A)}{\underset{(neutral)}{+FeCl3}}->\underset{(B)}{\underset{(deep colour)}{(Ar -O)3Fe}}+ 3HCl }\]


When there is no partnership agreement between partners, the division of Profits takes place in ______ ratio.


Rudra, Dev and Shiv were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Their fixed capitals were ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000 respectively. Besides his capital Shiv had given a loan of ₹ 75,000 to the firm. Their partnership deed provided for the following:

  1. Interest on capital @9% p.a.
  2. Interest on partner's drawings @ 12% p.a.
  3. Salary to Rudra ₹ 30,000 per month and to Dev ₹ 40,000 per quarter.
  4. Interest on Shiv's loan @ 9% p.a.

During the year Rudra withdrew ₹ 50,000 at the end of each quarter; Dev withdrew ₹ 50,000 in the beginning of each half year and Shiv withdrew ₹ 70,000 at the end of each half year.

The profit of the firm for the year ended 31-3-2022 before allowing interest on Shiv's loan was ₹ 7,06,750.

How much amount of net profit will be transferred to Profit and Loss Appropriation A/c?


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