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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।

AccountancyThe deed states a notice period for retirement of partners. Why is this provision included?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed allows interest on capital to A and salary to B, when does the order of these items become important?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed says A will first get Rs 30000 salary and remaining profit will be shared in ratio 2 to 1. In Rs 90000 profit, what is As total share?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed states that twenty percent of profit will be transferred to the general reserve. If the total profit is Rs 90000, what amount will be transferred to the reserve?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed gives interest on drawings rate but drawing dates are not given. If equal amount is withdrawn monthly, what average period is generally used in exams?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed provides profit calculation at year end, what must be checked when a partner is admitted mid-year?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed gives equal rights to partners but one partner brings more capital, how will management rights be decided?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyWriting each partners capital contribution in the deed reduces which dispute?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyWhy is it necessary to record the firm's name and principal office in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed clearly says that after interest on capital and salary, remaining profit will be shared. Which account is related to this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf all partners jointly guarantee minimum profit to one partner and no ratio is given, how will deficiency be borne?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIn the partnership deed A has guaranteed a minimum profit to B. If B's share falls short of the guaranteed amount, from where will the deficiency be met?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed guarantees minimum profit of Rs 40000 to A and actual share is Rs 32000, what is the deficiency called?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed states unequal capitals but equal profit sharing. How should this arrangement be treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed has different capital ratio and profit ratio. Which ratio will apply for profit distribution?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyA partner is allowed ten percent commission on profit by the deed. In which account will this commission usually appear?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed requires checking of accounts every quarter, which area does this provision cover?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed says the firm will only trade in books. Partners entered a real estate deal without consent. What is the main accounting concern?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed states that the firm is for five years. On completion of five years, it resembles dissolution of which kind of partnership?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed gives the method to calculate amount payable to heirs of a deceased partner, what is its purpose?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert