MyQuestionIcon

1

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

Partnership Deed

Why should a ...

Question

Why should a firm have a partnership deed?

Open in App

Solution

A firm should have a partnership deed so that it may be referred to in case of any dispute or misunderstanding among the partners.

Suggest Corrections

thumbs-up

5

Similar questions

A B C

, a partnership firm, does not have a Partnership Deed. The firm wants to pay remuneration to the partners. How can it do so?

Q. Pratibha, partner of a firm, has advanced loan to the firm of

R s . 1, 00, 000

. The firm does not have a Partnership Deed. Will Pratibha get interest on the loan? If yes, at which rate and why?

Q. Consider the following statements :
1. It is compulsory to have a Partnership Deed.
2. It is compulsory for a partnership firm to get itself registered.
3. A partner of an unregister firm can file a suit for the dissolution of the firm.
Which of the above statement/s is/are not correct ?

Q. The Partnership deed should be properly drafted and prepared as per the provisions of the _________ and preferably registered with the Registrar of firms.

Q. What is a Partnership Deed?

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