The partnership deed normally specifies?
...The partnership deed normally specifies?
How profits or losses are to be shared
The capital to be contributed annually
How salaries are paid to employees
The profit that should be earned annually
Correct answer is A
A partnership deed is a document containing an agreement that details the rights and obligations of each partner participating in a venture. For example, a deed of partnership could specify how proceeds from the partnership's business are to be divided among the partners.
Receipts and Payment Account (Extract) &nbs...
When a fixed asset is fully depreciated, its net book value is ...
Given: Total cash received from debtors 30,000 Total purchases for the period 21,000 Amount owe...
Which of the following is the basis of accounting in the Civil Service? ...
The details of the share capital which a company is authorized to issue is contained in the ...
Statement of assets and liabilities as at 31st December, 2001. Shareholders' interest N240 Curre...