MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Partnership Deed

Partnership i...

Question

Partnership is created by __________.

A

Statute.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Agreement.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Position.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Any of the above three.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Agreement.
A Partnership Agreement is written document detailing the terms of a partnership. A partnership is a business arrangement where two or more individuals share ownership in a company and agree to share in the profits and losses of their company.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Assertion :The auditor of a partnership firm is appointed under a contract with firm but not under any statute. Reason: The firm can also appoint him to act as an accountant for preparation of accounts.

Q. Partnership is created by a ________.

Q. X, .Y and Z are partners. The majority of the partners decide t dissolve the firm. Discuss the legal position.in?each of the following alternative cases
Case (a): If the partnership agreement is silent.
Case (b) If the, partnership agreement provides for dissolution by. mutual . agreement only.
Case(c): It.the partnership agreement provides for dissolution. by any. majority of the .partner

Q. A partnership agreement can be ________.

Q. A partnership agreement should be ______________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Analysing Capital Accounts

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Partnership Deed

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon