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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 deceased partners profit share will be calculated on previous years profit. Why may this be needed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed provides arbitration for disputes among partners. What is its accounting related benefit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says interest on partners loan is payable only when profit is available what is its nature?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed requires a partner to pay interest for delayed capital contribution. For whom is this interest a gain?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says partners must not take personal expenses from the firm. Still A paid personal rent from firm money. How will it be treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed says drawings are equal and made at the beginning of each month. Total annual drawings are seventy two thousand rupees and interest rate is ten percent. What is the interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says drawings are equal and made at the end of each month. Total annual drawings are seventy two thousand rupees and interest rate is ten percent. What is the interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed requires capitals in the ratio three to two. A capital is sixty thousand and B capital is fifty thousand. What does this indicate for adjustment?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says a retiring partner will be paid in instalments how can the unpaid balance be shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed states the method of returning partners capital. What is the biggest benefit at dissolution?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says a new partner shares only profits and not losses from whom will loss be recovered?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says interest on capital will be allowed first and salary later. Profit is sufficient only for interest. What happens to salary?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyWhy is it useful to write the order of appropriation items in the partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed treats insurance claim received as capital profit. Where may this amount be transferred?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says partners need written permission before taking loans. What problem can an unauthorized loan create?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed requires goodwill to be brought in cash on admission but the new partner does not bring cash what is the usual adjustment in old books?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says goodwill on death of a partner will be twice the average profit of three years. What is the purpose of this clause?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says one partner will not bear losses. How will losses be shared in such a case?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows a monthly salary of eight thousand rupees to a partner. He became a partner on 1 January and the year ends on 31 March. What salary will be allowed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the partnership deed gives separate interest rates for loan and capital, which rate applies to a partner's loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy