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Business Studies

Important Laws

Write any one...

Question

Write any one importance of partnership deed.

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Solution

To solve any disputes among the partners, if arises in future that can be settled with the help of partnership deed.

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State any four contents of partnership deed.

Q. In the absence of any provision in partnership deed, interest on capital ____________.

Q. In the absence of any provision in the partnership deed, interest on drawings of a partner ___________.

Q. In the absence of any provision in the partnership deed, interest on a partner's loan/advance _________.

Define Partnership Deed.

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