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Class 12 · Accountancy
→If the deed says commission is on profit after charging commission, what must be considered in calculation?
Class 12 · Accountancy
→The deed states that A will receive a commission of 10% on net profit and net profit is Rs 80,000. What is A's commission?
Class 12 · Accountancy
→If interest on partners loan is payable as per the deed, how will it be treated in the Profit and Loss Account?
Class 12 · Accountancy
→The deed gives equal drawing limit to partners but profit ratio is different. On what basis will the drawing limit apply?
Class 12 · Accountancy
→If the deed says interest on capital is to be calculated on opening capital, what happens to additional capital introduced during the year?
Class 12 · Accountancy
→The deed states that A will use personal vehicle for firm work and get Rs 8000 monthly allowance. Where will this allowance be shown?
Class 12 · Accountancy
→If the deed requires partner As capital account to maintain minimum balance of Rs 25000, what does it control?
Class 12 · Accountancy
→The deed gives profit ratio among partners as two to two to one. If total profit is Rs 100000, what is the third partners share?
Class 12 · Accountancy
→If a partnership deed provides that disputes are to be settled by arbitration (panch decision), which method should be followed before going to court?
Class 12 · Accountancy
→The deed requires approval of all partners to open a new branch. This relates to which decision?
Class 12 · Accountancy
→If the deed says A gets one fourth of profit in addition to salary and the remaining profit is shared equally, in what order is As share calculated?
Class 12 · Accountancy
→The partners agree in the deed that A will not bear losses. How will this clause be treated in case of loss?
Class 12 · Accountancy
→If the deed requires books to be kept on accrual basis instead of cash basis, what does it mean?
Class 12 · Accountancy
→The deed says incoming partner B must bring premium along with capital on admission. This premium is generally related to what?
Class 12 · Accountancy
→If the deed makes revaluation compulsory on retirement of a partner, which account may be needed?
Class 12 · Accountancy
→The deed says the firm’s bank account will operate only with the joint signatures of A and B. What is the risk if A withdraws alone?
Class 12 · Accountancy
→If the deed requires loan and capital to be kept separate, how will additional amount given by a partner be identified?
Class 12 · Accountancy
→The deed states that A and B share profits in the ratio 4 : 1. From a remaining profit of Rs 75,000, what is B's share?
Class 12 · Accountancy
→If the deed provides for a partner's salary but the firm has made a loss, the correct treatment of the salary will depend on what?
Class 12 · Accountancy
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