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Explain the partnership deed. |
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Answer» There are many agreements, oral or written, during the formation of a partnership firm. A partnership deed is a written agreement which specifies the terms and conditions that govern the partnership. It includes the name of the firm, nature and location of the business, duration of business, the investment made by the partners, distribution of profit and loss, the work area of every partner, etc., and it also includes the signature of every partner. |
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