Is it necessary to have a partnership agreement in writing? Post category:Accountancy Reading time:1 mins read SOLUTION No. It is not necessary to have a partnership agreement in written form. An oral agreement is equally valid. However, in order to avoid disputes, it is preferred to have a written agreement. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhy salary and commission paid to partners are recorded in Profit & Loss Appropriation Account instead of Profit & Loss Account? Next PostWhy is it important, to have a partnership deed in writing? You Might Also Like What will be impact of ‘purchase of a fixed asset on a credit of 3 months’ on a debt equity ratio of 1: 1? October 3, 2022 Following figures have been extracted from Shivalika Mills Ltd :- Inventory in the beginning of the year Rs. 60,000. Inventory at the end of the year Rs. 1,00,000. Inventory Turnover Ratio 8 times. Selling price 25% above cost. Compute amount of Gross Profit and Revenue from Operations (Net Sales). August 13, 2022 What do you mean by Redeemable Preference Shares? September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What will be impact of ‘purchase of a fixed asset on a credit of 3 months’ on a debt equity ratio of 1: 1? October 3, 2022
Following figures have been extracted from Shivalika Mills Ltd :- Inventory in the beginning of the year Rs. 60,000. Inventory at the end of the year Rs. 1,00,000. Inventory Turnover Ratio 8 times. Selling price 25% above cost. Compute amount of Gross Profit and Revenue from Operations (Net Sales). August 13, 2022