Success Roar Classes

Partnership Deed

Interest on Capital

Interest on capital - Success Roar Classes

What is Interest on capital? The interest on capital is allowed(given) by the firm to the partners for contributing the capital introduced by the partners in the firm. So, it is- “INTEREST”  On  “CAPITAL” What are the features of Interest on capital? Nature of Interest on capital– It is an appropriation of profit. Hence it …

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Partnership Deed

Partnership Deed - Success Roar Classes

What is the Partnership Deed? A written document that consists of the terms of agreement or rules relating to the partnership, is called Partnership deed. It is also called “Articles of Partnership”. What are the Features of Partnership Deed? Is it mandatory to make a partnership agreement? – It is not mandatory to have a …

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