What is partnership deed? Post category:Accountancy Reading time:1 mins read SOLUTION Partnership deed is a written agreement containing the terms and conditions agreed by the partners. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostA partnership firm has 50 members. All the partners have agreed to admit Ram and Mohan as new partners. Can Ram and Mohan be admitted? Give Reason in support of your answer. (C.B.S.E. Sample Paper, 2017) Next PostHow are mutual relations of partners governed in the absence of Partnership Deed? You Might Also Like From the following information, calculate Proprietary Ratio: August 13, 2022 Record necessary Journal entries in the following cases: (a) Creditors worth Rs. 85,000 accepted Rs. 40,000 as cash and Investment worth Rs. 43,000, in full settlement of their claim. (b) Creditors were Rs. 16,000. They accepted Machinery valued at Rs. 18,000 in settlement of their claim. (c) Creditors were Rs. 90,000. They accepted Building valued at Rs. 1,20,000 and paid cash to the firm Rs. 30,000. July 25, 2022 Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3: 2. During the year ended 31st March, 2015 Nusrat had withdrawn Rs. 15,000. Interest on her drawings amounted to Rs. 300. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fixed. (Delhi 2016) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Record necessary Journal entries in the following cases: (a) Creditors worth Rs. 85,000 accepted Rs. 40,000 as cash and Investment worth Rs. 43,000, in full settlement of their claim. (b) Creditors were Rs. 16,000. They accepted Machinery valued at Rs. 18,000 in settlement of their claim. (c) Creditors were Rs. 90,000. They accepted Building valued at Rs. 1,20,000 and paid cash to the firm Rs. 30,000. July 25, 2022
Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3: 2. During the year ended 31st March, 2015 Nusrat had withdrawn Rs. 15,000. Interest on her drawings amounted to Rs. 300. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fixed. (Delhi 2016) October 7, 2022