Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Raj and Shyam are Partners in a firm having no Partnership Deed. Raj has advanced ₹ 10,000 as loan to the firm. He claims interest at the usual rate of interest of 12% p.a. as charged by the banks to which Shyam does not agree. State giving reason, which of the two is correct in this case. 2.38K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Mita and Mohan are partners sharing Profits and Losses in the ratio of 1 : 2 with capitals of ₹ 15,000 and ₹ 25,000 respectively. The Partnership Deed provides for interest on capital @ 6% per annum. The trading loss for the year ending 31st March, 2016 was ₹ 1,500. State, giving reason, the amount of interest of capital which will be allowed to the partners. 2.94K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Kanha, Neeraj and Asha were partners in a firm. They admitted Raghav their landlord as a partner in the firm. Raghav brings sufficient amount of capital and goodwill premium for his share in the profits. Raghav had given a loan of ₹ 1,00,000 @ 10% p.a. interest to the partnership firm before he became the partner. Now the accountant of the firm is emphasising that the interest on loan should be paid @ 6% p.a. Is he right in doing so? Give reason in support of your answer. 2.21K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Aman and Boman are partners in a firm without a Partnership Deed. Aman manages the business and thus, claims salary of ₹ 18,000 per month. State with reasons whether his claim is valid or not. 2.63K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Food items purchased by a production unit are 1.58K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans Capital Loss is 1.28K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans A firm hires the services of a chartered accountant and pays fees. For the firm, payment of fees is 1.39K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans Purchase of refrigerator by a restaurant is 1.56K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans Capital and investment are 1.21K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans A ‘resident’ of a country is one 1.21K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans Economic territory is one in which the following move freely 1.14K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans Economic territory of a country is also called 1.05K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans Chinese embassy in India is a part of economic territory of 1.15K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans GDP at MP is 1.24K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans Can a partner be exempted from sharing the losses in a firm? If yes, under what circumstances? 1.19K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans How will you deal with the following items in the absence of a Partnership Deed: 1.28K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Ajay and Ashish contribute ₹ 1,00,000 each to run a charitable clinic. Should they enter into a Partnership Deed? 3.31K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Three friends started a partnership business by investing ₹ 5,00,000 each. They decided to share profits equally. name the terms, by which they will be called individually and collectively. 2.72K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans State two Essential Elements of Partnership 1.25K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th « Previous 1 2 … 168 169 170 Question and answer is powered by anspress.net
