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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 that no new partner will be admitted without consent of all partners. Which principle does it strengthen?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyPartners wrote in the deed that no partner may run a similar private business without permission. This clause relates to what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the partnership deed states a method for dispute settlement, what is its main benefit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed charges interest on drawings at fifteen percent per annum. A partner withdrew Rs 12,000 at the beginning of the year. What is the interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the deed gives profit sharing ratio but is silent about loss sharing ratio, how will losses be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyWhich deed clause decides how old partners rights change when a new partner is admitted?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed allows interest on capital at ten percent. Profit before interest is only Rs 20000 and total interest is Rs 30000. How much interest will be allowed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed requires fixed capital. If extra capital is brought, which account is more appropriate for recording it?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the partnership agreement is oral, what is the major difficulty in case of accounting disputes?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyWhy is the profit sharing ratio important in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyA partner gave a loan to the firm and the firm incurred a loss. The deed is silent. What is the correct treatment of interest on the loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the deed is silent, what is the rule for interest on drawings made by partners?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhich of the following is generally not included in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy AccountancyWhat is the most appropriate meaning of a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy AccountancyThe deed does not specify the rate of interest on partner loan. What is the rate under the general rule?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed does not mention partner salary. One partner still worked full time. How will salary be treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed clearly provides interest on drawings, how will it be treated in accounts?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe partnership deed provides interest on capital but profit is insufficient. When will the interest be allowed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the partnership deed is silent about the profit sharing ratio, on what basis will profits be shared?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe partnership deed contains a clause that no oral agreement shall be valid unless amended in writing. What is the primary accounting effect of this provision?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard