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प्रश्न
Why it is considered desirable to make the partnership agreement in writing.
उत्तर
Partnership agreement may be oral or written. It is not compulsory to form partnership agreement in writing under the Partnership Act, 1932. However, written partnership deed is desirable than oral agreement as it helps in avoiding disputes and misunderstandings among the partners. Also, it helps in settling disputes (as the case may be) among the partners, as written partnership deed can be referred to anytime. If written partnership deed is duly signed and registered under Partnership Act, then it can be used as evidence in the court of law.
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संबंधित प्रश्न
Why it is considered desirable to make the partnership agreement in writing.
Discuss the main provisions of the Indian Partnership Act, 1932 that are relevant to partnership accounts if there is no partnership deed.
Explain why it is considered better to make a partnership agreement in writing.
What is partnership? What are its chief characteristics? Explain.
Explain why it is considered better to make a partnership agreement in writing.
Choose the appropriate alternative from the given options:
Mohit and Rohit were partners in a firm with capitals of ₹ 80,000 and ₹ 40,000 respectively. The firm earned a profit of ₹ 30,000 during the year. Mohit's share in the profit will be:
Liability of Partners of partnership firm is ______
Consider the following statement
Statement 1: "Each partner carrying on the business is the principal as well as the agent for all the other partners."
Statement 2: There exists a relationship of mutual agency between all the partners.
The persons who have entered into partnership are individually known as ______.
Following are essential elements of a partnership firm except:
A, B and C are partners sharing profits in the ratio of 2 : 3 : 1. As per the partnership agreement, C is to get a minimum amount of ₹ 1,00,000 as her share of profits every year and any deficiency on this account is to be personally borne by B. The net profit for the year ended 31st March 2021 amounted to ₹ 3,00,000. What will be the amount of deficiency to be borne by B?
The Agreement of Partnership may be:
The maximum number of partners allowed in a partnership firm are ______.
A joint stock company is ______.
Ram and Shyam are equal partners in a partnership. They decided to change their ratio as 2 : 1. On that date, general reserve appeared in the books as ₹ 30,000. What amount of reserve will be transferred to Shyam's Capital Account?
Which of the following statements is not true?
What is partnership?
