What is meant by a partnership deed?
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A partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners.
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Answered by
7
Answer:
A partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners. ... The partnership deed serves this purpose. It specifies the various terms such as profit/loss sharing, salary, interest on capital, drawings, admission of a new partner, etc.
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