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Class 12 · Accountancy · Easy
→In a partnership deed, the provision for appointing an auditor is related to what?
Class 12 · Accountancy · Easy
→A leave or absence clause in the partnership deed may relate to what?
Class 12 · Accountancy · Easy
→Why can the name of a managing partner be written in the deed?
Class 12 · Accountancy · Easy
→If loss ratio is not separately given in the deed how will loss normally be shared?
Class 12 · Accountancy · Easy
→Why does the deed include a clause for sharing losses besides profits?
Class 12 · Accountancy · Easy
→When can an insurance related clause in the deed be useful?
Class 12 · Accountancy · Easy
→What is the benefit of writing a drawings limit in the deed?
Class 12 · Accountancy · Easy
→A clause restricting personal expenses in the deed controls what?
Class 12 · Accountancy · Easy
→Why can the limit of partners' investment be written in the deed?
Class 12 · Accountancy · Easy
→The clause about operating bank account is related to what?
Class 12 · Accountancy · Easy
→What is the purpose of writing rights of partners in the deed?
Class 12 · Accountancy · Easy
→What is the result of stating each partner's duties in the partnership deed?
Class 12 · Accountancy · Easy
→Who generally signs the partnership deed?
Class 12 · Accountancy · Easy
→Why is a dispute settlement clause kept in the deed?
Class 12 · Accountancy · Easy
→What is the main advantage of a written deed over an oral partnership?
Class 12 · Accountancy · Easy
→Is a partnership deed always legally compulsory?
Class 12 · Accountancy · Easy
→Why is a written partnership deed considered better?
Class 12 · Accountancy · Easy
→If a partner gives loan to the firm and deed is silent what rate of interest is considered?
Class 12 · Accountancy · Easy
→The clause for interest on loan may relate to which amount?
Class 12 · Accountancy · Easy
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