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Class 12 · Accountancy · Medium
→If the partnership deed says profit will first be transferred to reserve, what type of adjustment is this?
Class 12 · Accountancy · Easy
→If the deed states eight percent interest on a partner's loan, which rate will apply?
Class 12 · Accountancy · Easy
→If the deed says a partner will not carry on a separate business without consent, what does it relate to?
Class 12 · Accountancy · Easy
→Writing a borrowing limit in the deed is what type of control?
Class 12 · Accountancy · Medium
→Why is a settlement-on-death clause necessary in a partnership deed?
Class 12 · Accountancy · Medium
→If a partner pays personal expenses through the firm and the deed does not allow it, how is it generally treated?
Class 12 · Accountancy · Medium
→If the deed gives ten percent interest on capital and capital was introduced after six months, what is necessary in calculation?
Class 12 · Accountancy · Medium
→For what purpose is an audit clause added in a partnership deed?
Class 12 · Accountancy · Medium
→What benefit is obtained by writing partners' duties in the deed?
Class 12 · Accountancy · Medium
→If partners have only an oral agreement, what is the main risk of not having a written deed?
Class 12 · Accountancy · Medium
→When is writing the method of valuation of goodwill in the deed most useful?
Class 12 · Accountancy · Medium
→Why is the use of fixed capital method written in the deed?
Class 12 · Accountancy · Medium
→If the deed provides commission to a partner, in which account is it adjusted?
Class 12 · Accountancy · Medium
→If the deed does not mention the rate of interest on a partner's loan, what rate applies under the Indian Partnership Act?
Class 12 · Accountancy · Easy
→If the deed states monthly distribution of firm profit, what does it relate to?
Class 12 · Accountancy · Easy
→Why is the power to borrow mentioned in a partnership deed?
Class 12 · Accountancy · Easy
→If the partnership deed states partners A and B have a profit-sharing ratio of 1:1, what does it mean?
Class 12 · Accountancy · Easy
→Why may the duration of partnership be written in the partnership deed?
Class 12 · Accountancy · Easy
→Why is a dispute resolution clause included in a partnership deed?
Class 12 · Accountancy · Easy
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