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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 says B will get ten percent commission on net profit before commission. If profit before commission is ninety thousand rupees, what is B's commission?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed says A will get twenty percent commission after charging commission. Profit before commission is eighty thousand rupees. What is the commission?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed states that partner salary is payable irrespective of profit or loss. What will be its accounting nature?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed states that partners contribution includes not only capital but also skill and service. What does it clarify?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed provides salary deduction for unauthorized absence how will salary be calculated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows donation out of firm profits. What type of item can this donation be?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says loss caused by a partners fault will be borne by that partner. How may such loss be shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says partner A may convert his loan to capital. Which item will change after conversion?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed uses fixed capital accounts where will the year end profit share be credited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says interest on capital is to be calculated on opening capital. Why is closing capital not the proper base?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed gives profit ratio A B C as two to two to one. C has a minimum guarantee of thirty thousand rupees. If total profit is one lakh rupees what is C deficiency?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf a partnership deed states that interest on capital is payable only when profit is available, and the firm's net profit for that year is zero, will interest on capital be payable?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says partner B will get special interest on additional capital. How is it different from normal interest on capital?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed requires consent of all partners to sell firm assets. If an asset is sold without consent what accounting dispute arises?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed provides rent to a partner for using his machine in firm business. What is this payment treated as?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed gives a new partner share only in future profits. To whom do old accumulated reserves belong?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says interest on capital is debited to Profit and Loss Appropriation Account. Why is it debited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyAccording to the firm's deed, 20% of the profit must be transferred to the general reserve. Net profit is ₹1,00,000. What amount will be transferred to the general reserve?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed prohibits opening a new branch without consent of all partners how will a dispute about branch expenses be settled?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed prohibits partners from making personal purchases in the firms name. What is the main control objective?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard