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 From the following Balance Sheet of Kumar Ltd. as at 31st March, 2019, prepare Cash Flow Statement: August 18, 2022 Alfa Ltd. invited applications for issuing 75,000 equity shares of Rs. 10 each. The amount was payable as follows: July 15, 2022 Dev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings. (C.B.S.E. 2019) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following Balance Sheet of Kumar Ltd. as at 31st March, 2019, prepare Cash Flow Statement: August 18, 2022
Alfa Ltd. invited applications for issuing 75,000 equity shares of Rs. 10 each. The amount was payable as follows: July 15, 2022
Dev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings. (C.B.S.E. 2019) October 7, 2022