Accounting for ...

Which of the following is NOT required to be maintained in the partnership deed? 

Where will you record interest on drawings in the final accounts of the firm ? 

How would you close the Partner's Drawing Account?

The relationship between persons who have agreed to share the profit of a business carried on by all or any of them acting for all is known as :

Following is the difference between partnership deed and partnership agreement.

Partners are supposed to pay interest on drawing only when provided by the ______________.

Which Section of the Partnership Act,1932 defines the term 'Partnership'?

X, Y and Z are partners in a firm.At the time of division of profit for the year there was dispute among the partners.Profits before interest on partner's capital was Rs.10,000 and X wanted interest on capital at 20% as his capital contribution was Rs.1,00,000 as compared to that of Y and Z which was Rs.75,000 and Rs.50,000 respectively. Find the solution ______________________________.

A and B enter into a joint venture sharing profits and losses equally. A purchased 5000 kg of rice @ Rs. 25/kg. B purchased 1000 kg of wheat @Rs. 30/kg. A sold 1000 kg of wheat @ Rs. 35/kg and B sold 5000 kg of rice @ Rs. 30/kg. The profit on venture will be :

A Ltd. has allotted $$20,000$$ shares to the applicants of $$28,000$$ shares on pro-rata basis. The amount payable on application is $$Rs. 2$$. M applied for $$420$$ shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from Mr. X will be ______________.