Question

what is partnership deed?​

Answer 1

Answer:

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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Answer 2

Answer:

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.