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Class 12 · Accountancy
→If the partnership deed gives a partner management authority, what does it clarify?
Class 12 · Accountancy
→If a partnership deed shows partners' capital ratio different from their profit-sharing ratio, what does this mean?
Class 12 · Accountancy
→Why may a partnership deed contain a provision for minimum guaranteed profit?
Class 12 · Accountancy
→If the deed provides interest on monthly drawings, why is the average period considered?
Class 12 · Accountancy
→If the deed gives ten percent interest on capital and capital was introduced after six months, what is necessary in calculation?
Class 12 · Accountancy
→If the deed says profit is to be used first for salary, then interest on capital, and finally shared in ratio, why is the order important?
Class 12 · Accountancy
→Why is the right to inspect the firm's books included in the partnership deed?
Class 12 · Accountancy
→For what purpose is an audit clause added in a partnership deed?
Class 12 · Accountancy
→If the deed specifies an additional loan given by a partner to the firm, it will be treated separately from what?
Class 12 · Accountancy
→Why does the deed clarify whether insurance premium is personal or a firm expense?
Class 12 · Accountancy
→If the deed gives no fixed duration and dissolution is possible by will, what is it called?
Class 12 · Accountancy
→If the deed states the partnership period as five years, what type of partnership can it be called?
Class 12 · Accountancy
→The condition for returning capital in a deed mainly applies to which event?
Class 12 · Accountancy
→If the deed gives profit ratio but not a separate loss ratio, how will loss be shared?
Class 12 · Accountancy
→In which situation will partner's salary be treated as appropriation of profit?
Class 12 · Accountancy
→What benefit is obtained by writing partners' duties in the deed?
Class 12 · Accountancy
→What is the purpose of writing the bank account operation condition in the deed?
Class 12 · Accountancy
→If partners have only an oral agreement, what is the main risk of not having a written deed?
Class 12 · Accountancy
→Why is the deed checked first while preparing profit and loss appropriation account?
Class 12 · Accountancy
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