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Business Studies

Partnership

Invariably is...

Question

Invariably __________ is included in partnership deed.

A

Name of firm

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B

Powers of the partners

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C

Salary payable to partners

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D

All of me above

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Solution

The correct option is D All of me above
Partnership deeds, in very simple words, are an agreement between partners of a firm. This agreement defines details like the nature of the firm, duties, and rights of partners, their liabilities and the ratio in which they will divide profits or losses of the firm.

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