Download App

P1 C1 INTRODUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C1 INTRODUCTION OF PARTNERSHIP1 Mark
Question
Why is it necessary to have written partnership deed?
✓

Answer

On the basis of written partnership deed, the solution of any misunderstanding dispute in future can be obtained.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Each" from P1 C1 INTRODUCTION OF PARTNERSHIP→P1 C1 INTRODUCTION OF PARTNERSHIP — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

If there is decrease in the value of any debt where it should be recorded in Revaluation Account?
→
In fixed capital account method, where would you transfer current account balance?
→
Write the formula of collection period in days.
→
How profit of the business be distributed among partners, if there is no provision in the partnership deed for the same?
→
Show the classification of non-current liabilities.
→
Which criteria / conditions should be satisfied, so that a liability shall be classified as current liability ?
→
Under which head goodwill is shown in the balance-sheet?
→
What is revaluation account?
→
What is a bonus share ?
→
Which balance is shown by cash account after completion of accounts of dissolution?
→