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प्रश्न
What is the meaning of Partnership Deed?
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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संबंधित प्रश्न
Define Partnership Deed.
Discuss the main provisions of the Indian Partnership Act, 1932 that are relevant to partnership accounts if there is no partnership deed.
Answer in one sentence only.
What is Partnership Deed?
Choose the Correct Answer.
A temporary partnership that is formed to complete a specific job doing a specified period of time is called ______
The document which contains the terms of the agreement of partnership is called ______.
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?
Which one of the following is correctly matched?
Partners share profit & losses in ______ ratio in the absense of partnership deed.
Do you agree/disagree with the following statements.
It is compulsory to have a partnership agreement in writing.
Richa and Anmol are partners sharing profits in the ratio of 3:2 with capitals of ₹ 2,50,000 and ₹ 1,50,000 respectively. Interest on capital is agreed @ 6% p.a. Anmol is to be allowed an annual salary of 12,500. During the year ended 31st March 2023, the profits of the year prior to calculation of interest on capital but after charging Anmol’s salary amounted to ₹ 62,000. A provision of 5% of this profit is to be made in respect of manager’s commission.
Following is their Profit & Loss Appropriation Account
| Particulars | (₹) | Particulars | (₹) |
| To Interest on Capital | By Profit & loss account (After manager’s commission) | -(2)- | |
| Richa | ______ | ||
| Anmol | ______ | ||
| To Anmol’s Salary a/c | 12,500 | ||
| To Profit transferred to: Richa’s Capital A/C (1) | -(1)- | ||
| Anmol’s Capital A/c | ______ | ||
| ______ | ______ |
The amount to be reflected in blank (1) will be:
