1.
In the absence of any Partnership Agreement, the profits or losses of the firm are divided:
1 out of 10
2.
Profit and Loss Appropriation Account is prepared to
2 out of 10
3.
The relationship of partners with the firm is
3 out of 10
4.
The interest on Partner's Capital Accounts is to be credited to
4 out of 10
5.
Which of the following is an appropriation of profit?
5 out of 10
6.
When drawings are made at the end of every month of certain amount, then interest will be calculated on total drawings for:
6 out of 10
7.
Ankit and Nisha are partners with the capital of ₹25,000 and ₹ 15,000 respectively. Interest payable on capital is 10% p.a. Find the interest on capital for both the partners when the profits earned by the firms is ₹ 2,400.
7 out of 10
8.
What time would be taken into consideration If equal monthly amount is drawn as drawings at the beginning of each month?
8 out of 10
9.
What balance does a partner's capital account has, in case of fluctuating capital?
9 out of 10
10.
In the absence of an agreement, partners are entitled to:
10 out of 10
