Question

What is Partnership Deed? State ots contents.​

Answer 1

Answer:

Name of the firm as determined by all partners. Firms existence duration. Amount of capital contributed by each partner. Profit sharing ratio between the partners. Duties, obligations and power of each partner of the firm

Answer 2

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°°° Explanation °°°

• A 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. . .

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