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Question
Choose the Correct Answer.
The partnership deed also called ______
Options
Articles of Association
Articles of Partnership
Partnership Act
Partnership
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Solution
The partnership deed also called the Articles of Partnership.
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RELATED QUESTIONS
Discuss the main provisions of the Indian Partnership Act, 1932 that are relevant to partnership accounts if there is no partnership deed.
Partners share profit & losses in _______ ratio in the absence of partnership deed.
When Partnership Deed is silent, Partners share profits of the firm according to capital ratio.
In the absence of partnership deed, a partner is entitled to an interest on the amount of additional capital advanced by him to the firm at a rate of ______.
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:
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When there is no partnership deed, the partners are entitled to which of the following?
Which of the following is ont considered a tool for formative assessment?
Answer in one sentence only:
What is Partnership Deed?
When there is no partnership agreement between partners, the division of Profits takes place in ______ ratio.
