Ask question Search Order ByCategoryClear Filter 0 Votes 1 Ans Give two items which may appear in the debit side of a Partner’s Current Account. 605 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans State the two situations under which interest on capital is generally provided. 635 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans Interest on capital is credited to Partner’s Current Account. Name the method of maintaining a Capital Account. 556 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans List item that may be in the debit side of a Partner’s Fixed Capital Account. 536 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans In case the Partner’s Capital are fixed, in which account will the withdrawal of capital be recorded? 790 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans What is Profit and Loss Appropriation Account 584 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans Under what Circumstances Average Method of calculating interest on drawings is applied? 640 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans Amit, a partner in a partnership firm, withdrew ₹ 7,000 at the beginning of each quarter. For how many months would interest on drawings be charged? 1.32K viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans Give the average period, in months, for charging interest on drawings of a fixed amount, withdrawn at the beginning of each quarter. 741 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans Explain briefly the meaning of a guarantee of minimum profit. 602 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans What is meant by ‘unlimited liability of a partner’? 516 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans If the partner’s capitals are fixed, in which account interest charged on drawings will be credited? 583 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans In the absence of a Provision in the partnership deed, In which ratio is the deficiency arising out of the guarantee of profit to a partner borne by the other partners. 629 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans The feature of a Partnership Firm is 501 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans Interest on Capital is allowed on 461 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans In the absence of a Partnership Deed, Interest on Capital 450 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans In the case of fixed capital, partners will have 709 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans Pick the odd one out of the following: 750 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans Current Accounts of Partners are maintained if 451 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 0 Votes 1 Ans In the absence of a Partnership Deed, the profit of a firm is divided among the partners 427 viewsAnurag Pathak Changed status to publish April 9, 2023Accountancy Class 12thFundamentals of Partnership Firm 1 2 … 170 171 Question and answer is powered by anspress.net