Q.1] A) Write in one sentence.
1) What is partnership deed ?
2) What is fixed capital method ?
3) What is capital ?
Answers
Answer:
1) Partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners.
2) Under the fixed nature of capital, the capital of each partner remains constant from the start of partnership till at the end of it.
3) the town or city where the government of a country is
Explanation:
Please mark me BRAINLIST
Answer:
1) Partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners. ... It specifies the various terms such as profit/loss sharing, salary, interest on capital, drawings, admission of a new partner, etc.
2) Fixed Capital Method
Under the fixed nature of capital, the capital of each partner remains constant from the start of partnership till at the end of it. No adjustments like interest on capital, partner's salary/commission, Drawings and profit or loss earned during the operation is made.
3) Capital is the amount of money deposited into the business by the owners/shareholders .
It is the lifeblood of business