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

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