What is Partnership Deed and state the information contained therein?
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1
partnership deed is a document containing the terms and conditions of the partnership agreement. Rules ,regulation and terms and conditions of partnership are written
contents of paetnership deed are:
1) name of the firm
2) names and address of the partners
3) nature of business
4)adresses of offices
5) capital contributed by each partner
6)mode of maintainig account
7)profit sharing ratio of the partners
contents of paetnership deed are:
1) name of the firm
2) names and address of the partners
3) nature of business
4)adresses of offices
5) capital contributed by each partner
6)mode of maintainig account
7)profit sharing ratio of the partners
Answered by
6
Partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners .
This agreement defines details like the nature of the firm , duties , and rights of partners , their liabilities and the ratio in which they will divide profits or losses of the firm .
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