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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।

AccountancyIf the deed requires a new partner to bring premium in cash on admission what is the purpose of this clause?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyWhich matter is directly affected by the bank operation clause in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyWhy is a dispute resolution clause in a partnership deed considered important?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed states that goodwill on admission of a new partner will be credited to sacrificing partners. This clause is mainly based on which principle?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed states that capitals are fluctuating. Where will interest on capital and drawings be recorded?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed provides salary and commission to partners. If the remaining amount becomes negative after these appropriations in what ratio will the final loss be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyA deed allows a partner commission of ten percent of net profit. Net profit before commission is fifty thousand rupees. If commission is calculated after charging commission what will be the commission?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed gives the rate of interest on drawings but not the period. For equal monthly drawings what average period is generally taken?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed clearly says interest on capital is payable irrespective of profit or loss how will it be treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows interest on capital at twelve percent but profit available for appropriation is lower. What is the correct treatment of interest on capital?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed provides partners salary but profit is insufficient where is salary shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe partnership deed is silent about the profit sharing ratio and partners capitals are unequal. How will profit be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the partnership deed states that goodwill brought by a new partner will remain in the firm, what does this clause clarify?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhich option gives the most complete exam use of a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhat is the benefit of mentioning the closing date of accounting year in the partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed says partner A gets five percent commission on profit after salary. What does this sentence clarify?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the deed does not mention duties of partners, which source will be helpful?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyOn which side of the Profit and Loss Appropriation Account is interest on drawings shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed provides both interest on capital and partner salary. On which side of the Profit and Loss Appropriation Account are these shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed says interest on partner's loan will be paid even if the firm has a loss. What is the nature of this interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium