English

Partnership deed is also called ______. - Accounts

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Question

Partnership deed is also called ______.

Options

  • Prospectus

  • Articles of Association

  • Principles of Partnership

  • Articles of Partnership

MCQ
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Solution

Partnership deed is also called articles of partnership.

Explanation:

A partnership deed is also known as the articles of partnership. It is a written agreement between the partners that outlines the terms and conditions governing the partnership, such as profit-sharing ratios, responsibilities, capital contributions, and other important provisions.

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Chapter 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [Page 1.175]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q 14. | Page 1.175
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