English

State two elements of the partnership deed. - Accounts

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Question

State two elements of the partnership deed.

Very Short Answer
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Solution

  • It is a written document containing the terms and conditions agreed upon by all the partners.
  • In case of any misunderstanding or dispute among the partners, it acts as evidence in a court of law.
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Chapter 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [Page 1.127]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 18. | Page 1.127
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