Partnership Deed Questions

In the absence of a Partnership deed, partners share profits and losses in:

In the absence of a partnership deed which of the following are correct.(A) Profit sharing ratio will be on the basis of capital contributed by the partners(B) No interest on capital will be provided(C) No interest on Drawing will be charged(D) $6\%$ p.a. interest on partner's loan will be provided(E) Partner will get salary for extra time devoted for the firmChoose the correct answer from the options given below:

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 feature of a partnership deed?

Neha contributed $\text{Rs. }30,000$ and Saloni $\text{Rs. }90,000$ as capital. What will be Saloni's share in profits if the partnership agreement is silent regarding profit-sharing?

A partnership deed usually doesn't contain the following details:

In the absolute absence of a valid partnership deed, interest on drawings is charged at what rate?

The clauses of a partnership deed can be altered with the consent of ________.