Question

Which of the following can be one of the content of partnership deed​

Answer 1

Answer:

Contents of Partnership Deeds

The name of the firm.

Name and details of all partners.

Date of commencement of business.

Duration of the firm's existence.

Capital contributed by each partner.

Profit/loss sharing ratio.

Interest on capital payable to partners.

The extent of borrowings each partner can draw.

Answer 2

Answer:

Contents of Partnership Deeds:

1)The name of the firm.

2)Name and details of all partners.

3)Date of commencement of business.

4(Duration of the firm's existence.

5)Capital contributed by each partner.

6)Profit/loss sharing ratio.

7)Interest on capital payable to partners.

8)The extent of borrowings each partner can draw.

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