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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 the firm will not pay partners' personal income tax. The firm paid B's personal income tax. Which account should be debited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says partner salary is payable only when profit is available and profit is less than salary what is the general treatment?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says the managing partner's bonus will be treated as an expense before calculating profit. Which account will be debited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed requires signatures of both A and B to open a branch. Only A incurred branch expense. What question arises about the expense?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed prohibits partners from disclosing trade secrets. What accounting effect can arise from loss caused by breach?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed gives an interest rate on drawings but dates are not given and drawings are unequal, what is the safest exam approach?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed follows fluctuating capital method. Where will year end profit share be credited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed follows fixed capital method but the accountant debited drawings to capital account. Why is this an error?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says a partners capital account must not have debit balance. If a debit balance appears at year end what does it indicate?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed had profit sharing ratio and salary and the new amendment changes only the ratio what happens to salary?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says old goodwill will not be shown in books but new partner will pay premium. Which adjustment does this indicate?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says all major decisions among partners require unanimity. Purchase of a major asset will fall under which category?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed prohibits partners from taking personal loans in the firms name why should such a loan not be recorded as firm loan?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says deficiency of an insolvent partner will be borne by remaining partners in capital ratio. Which normal rule can this modify?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed includes capital interest salary profit share and goodwill in amount due on death. Which item relates to right up to death rather than future service?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed says C will receive only interest on capital and will not share profit why may there be doubt about C being a partner?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says profit ratio will change after allowing interest on capital. What type of complex clause is this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says commission to partners will be allowed only after creating reserve. Why is this order important when profit is low?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed requires 15% of profit to be transferred to the expansion fund and the total profit is ₹2,00,000, how much will be transferred to the expansion fund?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows firm books to be kept online but passwords must be given to all partners. Which right is this clause linked to?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard