What is partnership deed?State the main provision of the partnership act relating to partneship,accounts if then is no partnership deed?
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Partnership Deed is a written agreement between partners to carry down activities of partnership firm.
the main provisions are-
1.interest on capital not allowed.
2.interest on drawings not charged.
3.neither salary nor commission allowed to partner.
4. interest on partner's loan 6%p.a.
mark it as brainliest.
the main provisions are-
1.interest on capital not allowed.
2.interest on drawings not charged.
3.neither salary nor commission allowed to partner.
4. interest on partner's loan 6%p.a.
mark it as brainliest.
Answered by
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Answer:
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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