Fundamentals Questions

A partnership comes into existence as a result of an agreement among the partners. This written agreement is legally called the:

Which of the following is NOT a general feature of a partnership firm?

Which combination of the given statements is correct regarding partnership regulations and structures?(A) A valid partnership can be formulated even without a written agreement between the partners.(B) Methods of settlement of disputes among the partners cannot be a part of the partnership deed.(C) If the deed is silent, interest at the rate of $6\%$ p.a. would be charged on the drawings made by a partner.(D) Each partner carrying on the business acts as a principal as well as an agent for all the other partners.Choose the correct answer from the options given below:

Which of the following statement configurations is NOT true regarding Capital Accounts of partners?