This format must be in the form of ratios. Interest on Capital Interest which is accrued on capital would be mentioned under this portion of the partnership deed. Information on Equity Drawings Made by the Partners Any information about drawings made by the partners of the partnership firm ...
LLP Contract Deed format: All member partners must keep certified copies of the LLP Agreement. If any partner(s) suggest any changes in terms of the Agreement, then they must present it in writing.You can access the LLP draft agreement in word format attached to the web page. For LLP ...
23. In a Partnership Firm forming a partnership deed is ___? Verbal Not Necessary Necessary Necessary in Writing Answer:B) Not Necessary Explanation: Forming a partnership deed in the partnership firm is not necessary according to Partnership Act, 1932. Learn...
28. What is the accepted rate of interest on a partner's loan account in the absence of a partnership deed in a partnership firm? 10 % Compound Interest Per annum 6 % Simple Interest Per annum 11 % Compound Interest Per annum 12 % Simple Interest Per annum ...