Partnership

Accounting

Medium

The content of Partnership deed includes:

A. Name and address of all partners

B. Method of settlement of disputes among partners

C. Deed once made cannot be altered

D. Rules regarding operation of Bank account

E. Verbal agreement between partners is considered as deed

Choose the correct answer from the options given below:

B, D and E only

A, C and E only

A, B and C only

A, B and D only

✅ Correct Option: 4

A partnership deed contains name and address of partners (A), dispute settlement method (B) and rules for bank account operations (D). The deed can be altered with the consent of all partners, so C is wrong. A verbal agreement is not a deed, so E is wrong.

2025: 22 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Admission of a New Partner	(I) Realisation Account
(B) Retirement of a Partner	(II) Sacrificing ratio
(C) Dissolution of Partnership	(III) Executors Account
(D) Death of A Partner	(IV) Gaining Ratio

Choose the correct answer from the options given below:

2025: 13 May Shift 2

"The business of a partnership concern may be carried on by all the partners or any one of them acting for all", indicate which feature of the partnership?

2026: 19 May Shift 1

ABC Ltd. has a partnership deed as per which interest on drawing is to be charged @ 9% p.a and the total interest on drawings of Aman (partner) is calculated to be Rs 1755. Find the monthly amount he withdrew, if drawings are done at the beginning of every month during the year.

2025: 13 May Shift 1

Calculate interest on drawings for the amount Rs. 6000 on January 31, 2019.

2026: 23 May Shift 2

Partners' Current Account shows:

2025: 22 May Shift 1

When the date of drawing is not specified, interest on drawings is calculated for

Solution

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