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[ACC411] Partners incomes are proceeds from the
Income from the partnership as spelt out by the deed

[ACC411] Salaries which the partnership pays to its staff is charged to the
Business Profit or Loss Account

[ACC411] A Patrnership deed for business contains the following except
Place of Birth of Partners

[ACC411] Rights of partnership in the absence of a written agreement is the following except
Parners can be admitted without the conscent of others

[ACC411] Sharing of Profit or Lossess in the business is done according to
Profit or Loss Sharing Ratio as shown in the Deed

[ACC411] There are basically two types of partnership business
Limited and Ordinary Partner

[ACC411] Limited Partnership is  basically defined as
Risk Averse Partner

[ACC411] Drawings by members of the partners is charged in
Partners Drawings Accounts

[ACC411] The reasons for partnership business could be all  these except
Legitimacy

[ACC411] Partnership business was defined initially by Partnerhip Act of
1904