Advertisements
Advertisements
Question
What is a partnership deed?
Short Note
Solution
Partnership deed is a document in writing that contains the terms of the agreement among the partners. It is not compulsory for a partnership to have a partnership deed as per the Indian Partnership Act, 1932. But, it is desirable to have a partnership deed as it serves as evidence of the terms of the agreement among the partners.
shaalaa.com
Meaning, Definition and Features of Partnership
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Who is called a Partner?
Define Partnership.
What are the minimum and maximum number of members in the partnership concern?
In the absence of a partnership deed, profits of the firm will be shared by the partners in _____________.
Define partnership.
State the features of partnership.
State any six contents of a partnership deed.
