Partnership

Accounting

Medium

Partnership deed should be drafted and prepared as per :

Provision of Partnership Act

Companies Act

Registrar of Firms

Provisions of the Stamp Act

✅ Correct Option: 4

A partnership deed must be drafted on stamp paper of appropriate value, as required under the Provisions of the Indian Stamp Act. This gives the deed legal validity as a duly stamped written agreement.

2025: 26 May Shift 2

A correct journal entry for Transfer of the balance of Profit and Loss Account (a credit balance) to Profit and Loss Appropriation Account is-

2023: 20 June Shift 2

Identify the way by which the clauses of partnership deed can be altered.

2025: 29 May Shift 2

Himanshu withdrew Rs.2,500 at the end of each month. The partnership deed provides for charging of interest on drawings @ 12% p.a. Calculate interest on Himanshu's drawings for the year ended March 31, 2017.

2025: 30 May Shift 1

Himanshu withdrew Rs 2,500 at the end of each month. The partnership deed provides for charging of interest on drawings @ 12% p.a. Calculate interest on Himanshu's drawings for the year ended March 31, 2017

2022: 23 Aug Shift 2

The central government has prescribed the maximum number of partners in a firm to be _________ under Rule 10 of the companies (Miscellaneous) Rules, 2014.

2025: 2 June Shift 2

In case of Fixed Capital Account, Interest on Drawings are

Partnership deed should be drafted and prepared as per :

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