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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 charges twelve percent interest on drawings. B withdrew thirty thousand rupees on first July and year ends on thirty first March. What is the interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows six percent interest on capital. A introduced additional capital of forty thousand rupees on first October. What is interest on this additional capital up to thirty first March?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says partners may inspect the firm's books. Which accounting principle does this right strengthen?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy AccountancyIf the deed states a procedure for changing profit sharing ratio why is applying a new ratio without written amendment risky?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed guarantees A a minimum profit of fifty thousand rupees. A actual share is forty thousand rupees and B alone bears the deficiency. How much will be debited to B?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed charges interest on drawings but a partner takes goods for personal use. What is the correct treatment?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says interest on capital is to be allowed only on average capital what is the effect of drawings during the year?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says A will first receive annual salary of thirty thousand rupees and then remaining profit will be shared in three to two. If net profit is twenty thousand rupees what happens?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows salary to partner A and commission to partner B. What is the correct treatment before profit distribution?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the partnership deed gives both interest on capital rate and profit sharing ratio but profit is insufficient what decision is needed first?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyWhich statement is correct when there is no partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows interest on capital but there is already a net loss before closing accounts. What happens to interest on capital in the normal case?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says no partner will use firm property for personal use. If violated what may be considered in accounting?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the partnership deed fixes the language and place of maintaining accounts what is the practical benefit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe partnership deed is silent about reimbursement of partners' expenses. A partner has incurred expenses for authorized firm business. What is the correct principle regarding reimbursement?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe partnership deed specifies 6% interest on capital and 8% interest on drawings. Which principle does this demonstrate?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed gives a minimum profit guarantee. If the actual share is more than the guarantee what will the partner receive?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed gives a guaranteed profit to one partner. Who will bear the deficiency if the payer is not specified in the deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed fixes a maximum drawings limit for partners what is the main accounting purpose?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says the firm will not automatically dissolve when a partner becomes insolvent. What type of clause is this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard