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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।

AccountancyThe deed allows reimbursement of expenses only on submission of bills. Why can an expense claim without bill be rejected?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed states that A will receive five thousand rupees per month for using his personal vehicle in firm business. How is this amount generally treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed is silent on loan interest rate and the firm has incurred loss. What happens to interest on partner loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the partnership deed specifies an interest rate on a partner's loan that is higher than six percent, which rate will apply?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed permits partners to take loans from the firm at twelve percent interest. In which account will such a loan to a partner appear?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe partnership deed states that accounts will be examined by an external accountant. Which type of risk does this reduce?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed forbids competing business and a partner earns ten thousand rupees from such business who may get that profit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says if a partner takes private benefit from a firm opportunity the benefit must be handed to the firm. Which principle is involved?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the partnership deed expressly states that losses are to be borne only by A and B, while profits are shared by A, B and C, what will be C's position regarding losses?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed states that a person will not share profits but will receive only fixed salary. What type of position can this indicate?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed provides equal annual salary to partners but one partner remained for only six months. How will his salary be calculated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says interest on capital will be allowed only on opening capital what effect will adding yearly profit to capital have on interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe partnership deed prescribes a capital ratio of 5 : 3. If A's capital is ₹1,00,000, what should B's capital be?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed requires A and B's capitals to be equal. A's capital is seventy thousand rupees and B's capital is sixty-two thousand rupees. What must B do to equalize the capitals?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says profit up to date of death is to be calculated on sales basis why is this done?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed is silent about old accumulated profits and a new partner is admitted. To whom will the pre admission general reserve belong?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed requires the new partner to bring goodwill in cash but he brings only half of it. How is the remaining half generally adjusted?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf a partnership deed guarantees a partner a minimum share of profit and that partner's actual profit share turns out to be higher than the guaranteed amount, what is the effect of the guarantee?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says equal drawings are made at the end of each quarter what average period is generally taken?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says equal drawings are made at the beginning of each quarter what average period is generally taken?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard