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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 says B cannot take a loan from the firm without permission, what type of provision is this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWriting the firms objective clearly in the partnership deed mainly helps in what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed charges twelve percent interest on drawings and A withdrew Rs 20000 in the middle of the year, what will be the interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed says profit will be distributed only after creating general reserve. Which principle does this show?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed guarantees A a minimum profit of Rs 50000. Actual share is Rs 44000. What is the deficiency?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed states that goodwill on admission is valued on two years average profit, this is an example of which clause?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed follows fixed capital method and B paid a personal expense through the firm. In which account will this amount usually be recorded?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed requires partners capital accounts to be maintained under fluctuating capital method, where will profit share be credited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe partnership deed requires signatures of two partners to sell firm assets. This provision relates to which type of control?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed says that no partner will keep private profit earned from firm dealings, which duty does it show?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed states that A will get Rs 3000 monthly salary. If A works for six months and no other condition is given, what will be the salary?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed gives an interest-on-drawings rate but the withdrawal is made at the end of the year, what will be the interest period?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed allows ten percent interest on capitals of Rs 40000 and Rs 60000 for A and B respectively. What will be total interest on capital?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed provides eight percent interest on partner loans. In this case when will the general six percent rule not apply?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the partnership deed gives profit sharing ratio as three to two but capitals are equal, in which ratio will year end profit be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the partnership deed states that partners capitals will remain fixed but profit share will be adjusted in current accounts, which account will be credited while distributing profit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed says profit will first be transferred to reserve and then shared among partners, what is the first step?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyWhat is the main benefit of writing the method of goodwill valuation in the partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe partnership deed expressly states that profit shall be distributed before paying interest on capital. What is the correct conclusion in this situation?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed treats a partner’s personal expense as drawings, which account will be debited when the firm pays it?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium