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Fundamentals of...

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  • Question 1
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    Below are listed Content of partnership Deed except:

  • Question 2
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    What is the status of partnership from an accounting viewpoint

  • Question 3
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    The members of the partnership firm are called

  • Question 4
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    From the following, what is important for a partnership?

  • Question 5
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    From the following, identify a situation when fixed capitals of the partners may change?

  • Question 6
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    When liabilities of partners are unlimited that implies

  • Question 7
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    Mutual Agency implies:

  • Question 8
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    Partners have decided to provide jobs to the women of economically backward society. What values can be depicted from the decision of partners.

  • Question 9
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    If the partnership agreement is silent as to Interest on capital

  • Question 10
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    A, B, and C were partners in a firm having no partnership agreement. A, B and C contributed ₹2,00,000, ₹3,00,000 and ₹1,00,000 respectively. A and B desire that the profits should be divided in the ratio of capital contribution. C does not agree to this. How will the dispute be settled? Who is correct?

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