CA Foundation Exam > CA Foundation Questions > Partnership deed is also called as:a)Partners...
Start Learning for Free
Partnership deed is also called as:
- a)Partnership document
- b)Articles of Partnership
- c)Both of the above
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Partnership deed is also called as:a)Partnership documentb)Articles of...
A partnership deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business operation. It has the force of law and is designed to guide the partners in the conduct of the business.
Free Test
FREE
| Start Free Test |
Community Answer
Partnership deed is also called as:a)Partnership documentb)Articles of...
Partnership Deed vs Articles of Partnership
Partnership deed and articles of partnership are two important legal documents that govern the terms and conditions of a partnership. However, they are not the same thing. Here’s how they differ:
Partnership Deed
A partnership deed is a legal document that outlines the rights, duties, and obligations of each partner in the partnership. It is a written agreement that is signed by all partners and contains the following information:
1. Name and address of the partnership
2. Name and address of each partner
3. Nature of the business
4. Capital contribution of each partner
5. Profit sharing ratio
6. Rules for admission and retirement of partners
7. Rights and responsibilities of each partner
8. Method of accounting and audit
9. Dissolution of the partnership
Articles of Partnership
Articles of partnership, on the other hand, are a set of rules that govern the operation of the partnership. They are not a legal document but a set of guidelines that the partners can use to run the business. The articles of partnership may contain the following information:
1. Name and address of the partnership
2. Nature of the business
3. Capital contribution of each partner
4. Profit sharing ratio
5. Rules for admission and retirement of partners
6. Rights and responsibilities of each partner
7. Method of accounting and audit
Conclusion
In conclusion, partnership deed and articles of partnership are two important legal documents that govern the terms and conditions of a partnership. While a partnership deed is a legal document that outlines the rights, duties, and obligations of each partner in the partnership, articles of partnership are a set of guidelines that the partners can use to run the business. The correct answer to the question is option B - Articles of Partnership.
Partnership deed and articles of partnership are two important legal documents that govern the terms and conditions of a partnership. However, they are not the same thing. Here’s how they differ:
Partnership Deed
A partnership deed is a legal document that outlines the rights, duties, and obligations of each partner in the partnership. It is a written agreement that is signed by all partners and contains the following information:
1. Name and address of the partnership
2. Name and address of each partner
3. Nature of the business
4. Capital contribution of each partner
5. Profit sharing ratio
6. Rules for admission and retirement of partners
7. Rights and responsibilities of each partner
8. Method of accounting and audit
9. Dissolution of the partnership
Articles of Partnership
Articles of partnership, on the other hand, are a set of rules that govern the operation of the partnership. They are not a legal document but a set of guidelines that the partners can use to run the business. The articles of partnership may contain the following information:
1. Name and address of the partnership
2. Nature of the business
3. Capital contribution of each partner
4. Profit sharing ratio
5. Rules for admission and retirement of partners
6. Rights and responsibilities of each partner
7. Method of accounting and audit
Conclusion
In conclusion, partnership deed and articles of partnership are two important legal documents that govern the terms and conditions of a partnership. While a partnership deed is a legal document that outlines the rights, duties, and obligations of each partner in the partnership, articles of partnership are a set of guidelines that the partners can use to run the business. The correct answer to the question is option B - Articles of Partnership.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Partnership deed is also called as:a)Partnership documentb)Articles of Partnershipc)Both of the aboved)None of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup