Give two reasons in favour of having a Partnership Deed. Post category:Accountancy Reading time:1 mins read SOLUTION (i) In case of any dispute or doubt, Partnership Deed is the guiding document;(ii) It can specify the rights and duties of each partner. 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 PostGupta and Sharma were partners in a firm. They wanted to admit two more members in the firm. List the categories of individuals other than minors who cannot be admitted by them. (Delhi 2017) Next PostKajal, Neerav and Alisha are partners in a firm sharing profits in the ratio of 3: 2: 1. They decided to admit Rajan, their landlord as a partner in the firm. Rajan brought sufficient amount of capital and his share of goodwill premium. The accountant of the firm passed the entry of rent paid for the building to Rajan in ‘Profit and Loss Appropriation Account’. Is he correct in doing so? Give reason in support of your answer. (Al 2015 C) You Might Also Like A company took a loan of Rs. 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of Rs. 4,00,000 as a collateral security. July 18, 2022 Z Ltd. purchased furniture costing Rs. 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of Rs. 100 each at premium of Rs. 10 per share. Pass necessary Journal entries in the books of Z Ltd. July 14, 2022 How will you treat Bank Overdraft and Cash Credit in the Balance Sheet of a Company? September 30, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A company took a loan of Rs. 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of Rs. 4,00,000 as a collateral security. July 18, 2022
Z Ltd. purchased furniture costing Rs. 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of Rs. 100 each at premium of Rs. 10 per share. Pass necessary Journal entries in the books of Z Ltd. July 14, 2022
How will you treat Bank Overdraft and Cash Credit in the Balance Sheet of a Company? September 30, 2022