Question

preparation of partnership deed is...?? (A) compulsory (B) Not compulsory (c) Unnecessary (D) party compulsory ​

Answer 1

Answer:

Explanation: compulsory

Answer 2

Preparation of partnership deed is not at all compulsory. (option b)

• A "partnership deed" is a general agreement between the "partners of a firm", where all the "terms and conditions" are jot down to ensure the smooth running of operations within the firm.
• Preparation of partnership deed is not mandatory based on Partnership Act, 1932.
• It is safe to have a partnership deed prepared, in case of any discrepancy or cheating it will lead to smooth dealing of the management of firms by the end of the day.
• So, it is suggested to prepare a partnership deed, but it is not compulsory.
• Thus option b is much more correct and appropriate.

#SPJ3