Since a partnership is based on mutual agreement among all partners, any change in the terms of the partnership deed requires the consent of all the partners, and not a mere majority.
Identify the way by which the clauses of partnership deed can be altered.
Held on 20 Jun 2023 · Verified 13 Jul 2026.
On the basis of majority partners' consent
On the basis of registrar of companies consent
On the basis of all the partners' consent
Clauses of partnership deed cannot be altered
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
As per AS-26 Intangible assets like goodwill should be written off.
Identify the correct statement from the given below :-
By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'.
Work through every CUET UG Partnership PYQ, year by year.