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Define partnership deed?

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Define partnership deed?

Posted by Abhishek Sharma 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Lunatic .. 6 years ago

A written agreement among partners during partnership business which states basis or purpose of it. It is not compoulsory for firm to prepare partnership deed

Yogita Ingle 6 years ago

A partnership is a unique form of business in which partners work together to achieve common goals. Due to this feature of partnerships, partners are allowed to decide the terms of their relationship with each other. The documents which they do so are called partnership deeds.

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CBSE > Class 12 > Accountancy

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