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Class 12 · Accountancy

If a partner gives loan to the firm and deed is silent what rate of interest is considered?

Class 12 · Accountancy

The clause for interest on loan may relate to which amount?

Class 12 · Accountancy

When is goodwill mentioned in the partnership deed useful?

Class 12 · Accountancy

Why is a dissolution clause included in the deed?

Class 12 · Accountancy

Why is a clause for death of a partner added in the deed?

Class 12 · Accountancy

What is the main use of a retirement clause in the deed?

Class 12 · Accountancy

Why is the clause for admission of a new partner included in the deed?

Class 12 · Accountancy

For whom is the right to inspect accounts useful?

Class 12 · Accountancy

Why is the accounting year mentioned in the partnership deed?

Class 12 · Accountancy

The clause about keeping books of accounts is related to what?

Class 12 · Accountancy

Why can duration of partnership be written in the deed?

Class 12 · Accountancy

What does nature of business mean in the deed?

Class 12 · Accountancy

Why is the place of business written in the deed?

Class 12 · Accountancy

Why is the firm's name included in the partnership deed?

Class 12 · Accountancy

Why are names and addresses of partners included in the deed?

Class 12 · Accountancy

Why is a partner's commission written in the deed?

Class 12 · Accountancy

What allows salary to a partner?

Class 12 · Accountancy

If interest on drawings rate is not in the deed what normally happens?

Class 12 · Accountancy

The clause for interest on drawings in the deed is related to what?

Class 12 · Accountancy

If the partnership deed contains no provision for interest on capital, what will be the effect?