Contents of a partnership deed

State some contents of a partnership deed.

Answer:

A) Name of the firm.
B) Name and complete address of the Partners.
C) The date of formation and period of Partnership.
D) Ratio in which gain or losses shall be shared.
E) Interest on Partners drawings and capital.

View Complete Question

Related Questions in Managerial Accounting

Q : Describe Trust Accounting Trust

Trust Accounting: It is the "accounting of each and every item of income and expenditures which are employed to find out the amount that certain beneficiaries will obtain from the trust each year." Actually, it is equivalent to all the revenues receiv

Q : Performance evaluation and

Write down a short note on the Performance evaluation and control in decision making process?

Q : Planned product cost and the actual cost

A company has production facilities in several countries. Some of the products they sell are produced in stages (Raw Materials -> Pre-Assembly -> Assembly -> Finished Product) based on the technologies and materials involved (see Table 1).

Q : Describe fluctuating capital of partners

Describe fluctuating capital of partners? Answer: Partner‘s capital is stated to be fluctuating if capital modifies with every transaction in the capital accou

Q : Explain Cost Assignment Cost Assignment

Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three

Q : Capital gain The increase in value that

The increase in value that the owner of a capital asset receives when the asset is sold. The owner pays tax on that gain or increases, at a lower rate if the assets that are sold are capital asset, such as factory buildings, rather than assets that are sold in the nor

Q : Define Indirect Cost Indirect Cost : A

Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.

Q : Regions of decision making process What

What are the possible broad regions of decision making process where management accounting information is required?

Q : Federal budget Choose the right answer

Choose the right answer from following. Which one did not contribute to the large Federal budget deficits in the year of 2002 and 2003? A) spending on the wars in Afghanistan and Iraq. B) low interest rates. C) Federal tax cuts. D) the recession of 2001 and its afterm

Q : Acquisition entry on Balance Sheet 1.

Discover Q & A

Leading Solution Library

Avail More Than 1448946 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1932682
Asked

3,689

Active Tutors

1448946

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment