Maharashtra State BoardHSC Commerce 12th Board Exam
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Answer in one sentence only.What is partnership deed? - Book Keeping and Accountancy

One Line Answer
Answer in one sentence only.
What is a partnership deed?
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Solution 1

A written agreement between the partners that contains the terms and conditions of the partnership agreement is called a partnership deed.

Solution 2

An agreement that contains the details of every aspect and terms that the partners agree upon before starting a partnership firm is termed as partnership deed.

Concept: Meaning and Definitions of Partnership and Partnership Deed
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 1 Introduction to Partnership
Exercise | Q 3 | Page 13
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