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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 reason for recording the retirement procedure of a partner in the partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyWhy are conditions for admission of a new partner written in the partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyWhat primary benefit do partners obtain by including the right to inspect the books of accounts in the partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyWhy is a clause about operation of the bank account useful in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyIf the deed mentions only profit ratio as two ratio one but not loss ratio, how will loss generally be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyThe deed states that losses will also be shared in the profit ratio. Which principle does this provision clarify?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyThe deed charges interest on drawings at eight percent. A withdrew rupees ten thousand at the beginning of the year. What is the interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyA introduced rupees thirty thousand on first January and additional rupees twenty thousand on first July. The deed allows interest at twelve percent. What is the total interest for the year?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyWhat is the main benefit of mentioning the nature of business in the deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyWhich item is generally not included in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyIf the deed allows A commission of ten percent of net profit, what type of item is it?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyA partner gave a loan of rupees twenty thousand to the firm and the deed is silent about interest rate. Under the general rule, what is the interest rate on loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyIf the deed has no provision for partner salary, how will A's salary claim be treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyThe partnership deed allows A a monthly salary of rupees two thousand. At year end, where will this amount first be recorded?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyA and B have capitals of rupees sixty thousand and rupees forty thousand respectively. The deed does not mention profit sharing ratio. How will profit be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyWhile reading a question based on a partnership deed, what exam strategy should be followed first?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyIf the deed gives a fixed monthly date for partners' drawings, what is the biggest benefit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyIf the deed separately states rights of working and sleeping partners, what purpose does it serve?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyIf the deed gives a partner a share in profit but exempts him from losses, what type of special condition is this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyHaving signatures and date on the deed strengthens what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium

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