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Partnership Deed

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyCase: The partnership deed does not specify the method for estimating profit up to the date of a partner’s death. In such a situation, which basis is generally adopted?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the partnership deed does not specify the method for estimating profit up to the date of a partner’s death, which basis is generally used?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen a partner dies, up to what period is their share of the current accounting year’s profit calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf a partner dies during the year and the partnership deed prescribes a special method for determining the partner’s share of profit up to the date of death, on what basis should the profit be calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyOn the loan account of a retiring or deceased partner, if the partnership deed specifies interest at 9% per annum, at what rate will the interest be charged?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyIn which situation may the retiring partner not get a separate goodwill claim?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIf the partnership deed is silent about goodwill then what is done on retirement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIf the partnership deed states the method of goodwill settlement, what should be done?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIf the partnership deed provides for commission to a partner on profit, but the firm incurs a net loss, what will be the amount of profit commission payable?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyIf the partnership deed is silent, can a partner be allowed a salary?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf the partnership deed states that interest on capital is payable only when there is profit, what is its treatment in a year of loss?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf deed is silent and partners' capitals are unequal, on what basis will remaining profit be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy AccountancyIf the partnership deed does not specify a profit-sharing ratio, how will the remaining profit after adjustments be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the partnership deed is silent about interest on drawings, will interest on drawings be charged?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the deed clearly says interest on capital will be allowed as expense before profit what will be its treatment in loss year?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf interest on capital is in the deed but there is a loss in the year and no special expense clause exists, what is the correct treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyThe deed says partner salary is payable irrespective of profit or loss. Loss before salary is eighteen thousand rupees and salary is forty two thousand rupees. What is total loss after salary?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says A annual salary of thirty six thousand rupees is payable irrespective of profit or loss. Firm has loss of twenty thousand rupees before salary. What is total loss after salary?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf the deed says A will not share losses but will share profits, how will A be treated in loss distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf the deed says that profit should first be transferred to reserve and then distributed among partners, what is the first step?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium