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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।

AccountancyWhat is the main purpose of including a clause restricting withdrawal of capital in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed states that a partner's personal loan liability will not fall on the firm. What type of clause is this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the agreement is oral and there is no written proof, what may be the biggest practical problem?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyA, B, and C agreed in the deed to treat capital ratio as profit ratio. Their capitals are rupees two lakh, three lakh, and five lakh. In what ratio will profit be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhich statement correctly describes the use of a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf sales are rupees two lakh and the deed allows partner commission at two percent on sales, what is the commission?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed allows B a five percent commission on sales. On what basis is this commission given?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the deed mentions the method of valuation of goodwill, when will it be most useful?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyMentioning the duration of the firm in the deed is especially useful in which situation?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed says that both interest on capital and interest on drawings will be recorded. What will be their effect?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed contains a minimum profit guarantee clause. What will it affect?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhich clause clarifies which partner can enter into contracts on behalf of the firm?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe partnership deed states that partners will not charge their personal expenses to the firm. This provision exemplifies which accounting concept?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyA and B are equal partners. As per the deed, B is entitled to an annual salary of rupees twelve thousand. The net profit is rupees forty thousand. What is the distributable profit after deducting the salary?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed provides interest on capital after appropriation of profit. If profit is insufficient, what should be kept in mind?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed provides for fluctuating capital method. Which account will drawings and interest affect?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIn which situation is the partnership deed the most authoritative evidence?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhy is an arbitration clause included in a partnership deed for dispute resolution?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyA and B share profits in the ratio 3:2. As per the deed, A is paid a commission of 10% of profit and then the remaining profit is shared. If the profit remaining for distribution after the commission is ₹45,000, what is A's share from the remaining profit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyA deed clause for settlement on death protects whose interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium