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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 states priority for paying liabilities before distributing assets on dissolution, this relates to which process?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed gives A an annual salary of Rs 36,000 and B a commission of 10% on profit after salary. Profit before providing the salary is Rs 136,000. What is B's commission?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed provides Rs 12000 interest on capital and Rs 18000 salary but available profit is Rs 24000 and no order is given, what is the safe treatment?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed has a clause for changing profit ratio on retirement. From which document will the continuing partners ratio be primarily decided?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed states that B is guaranteed a minimum profit of Rs 30000, the guarantee being given equally by A and C. If the total deficiency in the guarantee is Rs 6000, how much will A bear?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed says interest on loan and then interest on capital are to be considered before profit distribution. Which one will first appear like an expense?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe partnership deed explicitly states that the firm will pay a partner's personal tax and treat it as drawings. On payment, which account should be debited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the partnership deed explicitly states a partner will receive commission on 'profit before tax', on which profit figure should the commission be calculated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed shows A and B capitals as Rs 70000 and Rs 30000 but does not state profit ratio. If the deed is silent about profit ratio, how will profit be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed clearly says partner salary is an appropriation of profit, what is its normal treatment in a loss year?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed allows partner A to be reimbursed training expense. If it was for training firms employees, what is its nature?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed gives A annual travelling allowance of Rs 12000. If A served for eight months, what is the proportionate allowance?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed says no partner will make credit sales beyond the firms approved limit. This provision relates to what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed requires written notice before reducing capital, whose interest does it protect?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed allows equal drawings at the end of each quarter. What average period is generally taken?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed allows equal drawings at the beginning of each quarter. What average period is generally taken?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed says profit till date of death will be based on last years profit, what is needed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed says old profits and losses will be distributed among old partners before admission of a new partner. Which principle does this show?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed limits daily expenses to Rs 2000 and a partner spends Rs 9000 without permission, what main issue arises?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed gives the profit ratio of A and B as 5:3. A guarantees B a minimum of Rs 24000. If the total profit is Rs 64000, what is B's deficiency?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert