Скачать или смотреть Fundamentals | Meaning of Partnership Deed | Partnership | Class 12 | Accountancy | Part 1 |

Fundamentals | Meaning of Partnership Deed | Partnership | Class 12 | Accountancy | Part 1 | #cbse

A partnership deed is an agreement that is made between two or more partners of a firm and it outlines the various terms and conditions of the partnership among the partners.

The contents of a partnership deed are as follows:

Name of the firm as determined by all the partners.
Name and details of all the partners of the firm.
The date on which business commenced.
Firm’s 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.
The salary and commission (if applicable) that is payable to partners.
The process of admission or retirement of a partner.
The method used for calculating goodwill.
The procedure that must be followed in cases of dispute arising between partners.
Procedure for instances when a partner becomes insolvent.
Procedure for settlement of accounts in the event of dissolution of a firm.

Part-1 Fundamentals | Partnership | Class 12 | Accountancy | Part 1 | Yasir Ali Classes #amu #cbse #icse
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