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