Why is it important, to have a partnership deed in writing? Post category:Accountancy Reading time:1 mins read SOLUTION It is important to have a partnership deed in writing because it contains terms and conditions agreed upon by all the partners and is helpful in avoiding all misunderstandings and disputes. 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 PostIs it necessary to have a partnership agreement in writing? Next PostWhat share of profits would a ‘sleeping partner’ who has contributed 75% of the Total Capital get in the absence of a deed? You Might Also Like In the absence of Partnership Deed, what are the rules relation to: (a) Salaries of partners, (b) Interest on partners’ capitals (c) Interest on partners’ loan (d) Division of profit, (e) Interest on partners’ drawings (f) Interest on loan by partner(s) and (g) Interest on loan to partners? July 20, 2022 One of the partners in a partnership firm has withdrawn Rs. 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum. July 21, 2022 From the following Balance Sheet as at 31st March, 2019 and Statement of Profit and Loss for the year ended 31st March, 2019 of RSB Ltd. and additional information, prepare Cash Flow Statement: August 20, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
In the absence of Partnership Deed, what are the rules relation to: (a) Salaries of partners, (b) Interest on partners’ capitals (c) Interest on partners’ loan (d) Division of profit, (e) Interest on partners’ drawings (f) Interest on loan by partner(s) and (g) Interest on loan to partners? July 20, 2022
One of the partners in a partnership firm has withdrawn Rs. 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum. July 21, 2022
From the following Balance Sheet as at 31st March, 2019 and Statement of Profit and Loss for the year ended 31st March, 2019 of RSB Ltd. and additional information, prepare Cash Flow Statement: August 20, 2022