CUET Preparation Today
| How accounting will be done by a partnership firm If there is no provision on any matter in partnership deed? |
Provision of Companies' Act,2013 will apply Provision of Companies' Act,1956 will apply Provision of Indian Partnership Act,1942 will apply Provision of Indian Partnership Act,1932 will apply |
| Provision of Indian Partnership Act,1932 will apply |
| If there is no express agreement on certain matter in partnership deed, the provision of Indian Partnership Act,1932 shall apply. |
