WELCOMEName of the Teacher : Shimi L Jabbar
Subject : Accountancy
Unit : Accounting for Partnership Basic Concepts
Topic : Partnership Deed
The written agreement between partners
Also known as Articles of Partnership
Partnership Deed
Contents of Partnership Deed
1. Name of the Firm
Contents of Partnership Deed
2. Name and Address of All Partners
Contents of Partnership Deed
3. Nature and Place of Business
Contents of Partnership Deed
4. Date of Commencement of Partnership
Contents of Partnership Deed
5. Duration of Partnership
Contents of Partnership Deed
6. Amount of Capital Contributed or to be Contributed by each Partner
Contents of Partnership Deed
7. Rules regarding operation of bank accounts
Contents of Partnership Deed
8. Ratio in which profits and losses Are to be shared
Contents of Partnership Deed
9. Interest if any, On partners’
capital and drawings
Contents of Partnership Deed
10. Interest on loan by the partner to the firm
Contents of Partnership Deed
11. Salaries, commission, etc. if payable to any partner, and such other matters relating to audit of accounts, settlements of accounts at the time of dissolution of the firm
THANK YOU
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