Deficiency of a partnership deed
In the deficiency of a partnership deed, how are mutual relations of partners managed? Answer: In the absence of Partnership deed, the mutual relations are managed by the Partnership Act, 1932.
In the deficiency of a partnership deed, how are mutual relations of partners managed?
Answer: In the absence of Partnership deed, the mutual relations are managed by the Partnership Act, 1932.
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A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
Expense: The Outflow or other using up of resources or acquiring liabilities (or a combination of both), the advantages from which exert to an entity's operations for the present accounting period, however they do not expand to future
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