Question

(1 Mark each)
1. Define Partnership.
2. What is Partnership Deed ?
3. State three essential features of Partnership.
4. Name two methods of maintaining Partners' Capital Accounts.
5. What do you mean by Fixed Capital System of maintaining Partners' Capital Accounts ?
6. What do you mean by Fluctuating Capital System of maintaining Partners' Capital Accounts ?
7. Give two circumstances in which the Fixed Capital of Partners may change.
8. What is Partners' Current Account?
9. Why is the Profit and Loss Appropriation Account prepared ?​

Answer 1

Answer:

what is the question pls inform

Answer 2

Answer:

Partner ship is the relationship between two investors or builders to grow their business or relationships

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