--%>
Assignment Help - homework help

Influence of lack of partnership deed

Describe the provision of 'Indian partnership Act 1932‘concerning sharing of profits in lack of any provision in partnership deed.

Answer: In the lack of any provision in the Partnership deed, gain or losses are share by Partners uniformly.

   Related Questions in Managerial Accounting

  • Q : Liability of partners Liability of

    Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).

  • Q : Benefit of economic in accounting

    Write down a short note on the benefit of economic in accounting management information?

    		•
  • Q : Main working areas of the Marketing

    Write a short note on the main working areas of the Marketing department?

    		•
  • Q : Define Investor Relations Investor

    Investor Relations: A department, exist in most medium to big public companies, which gives investors with a precise account of the company's affairs. This aids investors to make informed sell or buy decisions. Inv

    		•
  • Q : Define Activity Activity : The real

    Activity: The real work task or step executed in generating and delivering products and services. The aggregation of actions executed within an organization which is helpful for the purpose of activity-based costing.

    		•
  • Q : What do you mean by the term Mission

    What do you mean by the term Mission statements? Briefly describe it.

    		•
  • Q : Factors due to changing business

    What are the various factors which occurred due to the changing business landscape?

    		•
  • Q : Calls in Arrears What are the various

    What are the various Calls in Arrears? Describe it.

    		•
  • Q : Comparative-Advantage Approach to

    We study optimal government debt maturity in a model where investors derive monetary servicesfrom holding riskless short-term securities. In a simple setting where the government is the onlyissuer of such riskless paper, it trades off the monetary premium associated w

    		•
  • Q : Explain Value-Added Activity

    Value-Added Activity: An activity which is judged to contribute to customer value or gratify an organizational requirement. The characteristic "value-added" reflects a belief that the activity can’t be removed without decreasing

    		•