How are mutual relations of partners governed in the absence of Partnership Deed? Post category:Accountancy Reading time:1 mins read SOLUTION In the absence of a ‘Partnership Deed’, mutual relations of partners’ are governed according to Partnership Act, 1932. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is partnership deed? Next PostState the provisions of Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered. You Might Also Like What is the minimum number of partners a firm should have? October 7, 2022 Abha and Bharat were partners. They shared profits and losses equally. On 1st April, 2014 their Capital Accounts showed balances of Rs. 3,00,000 and Rs. 2,00,000 respectively. Calculate the amount of Profit to be distributed Between the partners in the partnership deed provide for Interest on Capital @10% p.a. and the firm earned a profit of Rs. 50,000 for the year ended 31st March, 2015. (C.B.S.E. 2016, Comptt.) September 26, 2022 Classify debentures from the point of view of redemption. September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Abha and Bharat were partners. They shared profits and losses equally. On 1st April, 2014 their Capital Accounts showed balances of Rs. 3,00,000 and Rs. 2,00,000 respectively. Calculate the amount of Profit to be distributed Between the partners in the partnership deed provide for Interest on Capital @10% p.a. and the firm earned a profit of Rs. 50,000 for the year ended 31st March, 2015. (C.B.S.E. 2016, Comptt.) September 26, 2022