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AP
Question Practice

What is the primary purpose of a partnership deed?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

What is the primary purpose of...

Single Answer MCQ
Q-00081960

What is the primary purpose of a partnership deed?

1

To create a profit-sharing ratio

2

To define the relationship between partners

3

To outline the business plan

4

To set the firm's location

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What is a partnership and what are its chief characteristics?

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Q2.

Explain the main provisions of the Indian Partnership Act 1932 that are relevant to partnership accounts in the absence of a partnership deed.

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Q3.

If a partnership deed is silent on the profit-sharing ratio, how should profits be shared?

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Q4.

Which of the following is NOT usually included in a partnership deed?

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