Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

The Partnership Deed usually contains the following details:

(A) Amount of capital to be contributed by each partner
(B) The accounting period of the firm
(C) Profit and loss sharing ratio
(D) The rights, duties and liabilities of each partner

Choose the correct answer from the options given below:

Options:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer:

(A), (B), (C) and (D)

Explanation:

The correct answer is Option (3) → (A), (B), (C) and (D)