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Class 12 · Accountancy
→If one partner receives monthly salary and annual commission under the deed, where will both be recorded?
Class 12 · Accountancy
→If partner salary is recorded in the profit and loss appropriation account but the deed has no salary clause, what is the correct correction?
Class 12 · Accountancy
→If the deed says a new partner will not be liable for old debts, what is its effect?
Class 12 · Accountancy
→If the deed says no loan will be taken without consent of all partners, what is this an example of?
Class 12 · Accountancy
→If the deed says goodwill is to be calculated by average profit method, when will it be most useful?
Class 12 · Accountancy
→In a partnership deed, stating which partner has the authority to sign cheques is a provision related to what?
Class 12 · Accountancy
→If a partner starts a competing business without the deed's permission, which principle is violated?
Class 12 · Accountancy
→If the deed requires fixed capitals, where will salary and interest be shown?
Class 12 · Accountancy
→Which problem is reduced by an auditor-appointment clause in the partnership deed?
Class 12 · Accountancy
→If the deed says partner's commission is to be calculated after net profit, what should be considered in calculation?
Class 12 · Accountancy
→If the deed gives both duration and dissolution conditions, what is their combined importance?
Class 12 · Accountancy
→If the deed gives profit-loss ratio as 5:3 but capital ratio as 2:1, in what ratio will loss be shared?
Class 12 · Accountancy
→If the deed does not permit payment of a partner's personal loan and the firm pays it, what is the correct accounting treatment?
Class 12 · Accountancy
→Why is the firm's objective mentioned in the partnership deed?
Class 12 · Accountancy
→If the deed assumes drawings at the beginning of each month, how will the average period compare with ordinary monthly drawings?
Class 12 · Accountancy
→The deed gives both capital and profit share of a new partner. What is correct for accounting?
Class 12 · Accountancy
→If the partnership deed says profit will first be transferred to reserve, what type of adjustment is this?
Class 12 · Accountancy
→If the deed gives the right to inspect books, what is its main basis?
Class 12 · Accountancy
→If the deed requires partners to keep equal capitals, withdrawal of excess capital will relate to which account?
Class 12 · Accountancy
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