Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Give any two points of difference between Profit and Loss Appropriation Account and Profit and Loss Account. 872 viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans How is interest on drawings on unequal amounts drawn at unequal intervals calculated? 984 viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans How is interest on drawings of equal amounts drawn on the last day of every month calculated? 856 viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans How is interest on drawings of equal amounts drawn on the 1st day of every month calculated? 866 viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans What is meant by Divisible Profit? 1.25K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans What is meant by Net Profit? 931 viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Suresh and Ramesh are partners in a firm with a capital of ₹ 3,00,000 and ₹ 4,00,000 respectively. 2.11K viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Is it compulsory for firms to have a Partnership Deed? 936 viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Give two reasons in favour of having a Partnership Deed. 949 viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 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. 1.97K 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. 2.43K 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. 1.87K 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. 2.13K 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 1.30K viewsAnurag Pathak Changed status to publish April 9, 2023Macro Economics (Class 12th)National Income and related aggregates 0 Votes 1 Ans Capital Loss is 985 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 1.11K 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 1.26K 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 921 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 912 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 888 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 786 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 879 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 945 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? 868 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: 966 viewsAnurag Pathak Changed status to publish April 9, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th « Previous 1 2 … 164 165 166 167 Next » Question and answer is powered by anspress.net
