Accounting for ...

The Partnership Act, 1932 came into force with effect from ________.

Prior to enactment of Indian Partnership Act, 1932, the laws relating to Partnership were embodies in ___________.

___________ distinguish a company from a partnership firm.

There are three partners in a firm P, Q and R. X is admitted into the firm with 1/4th share of profit with a guaranteed profit of Rs. 25,000 p.a The firm;s total profit is Rs. 80,000. What amount would be given to X as his share of profit by the firm?

Rent paid to a partner is charged to ______.

X, a partner of X and Y Associates draw Rs, 4000 every month at the mid of the month for six months. Calculate interest on drawing at 5%.

Partnership  is created by __________.

Indian Partnership Act, 1932 is substantially based on __________.

Which of these types of business organization is /are outside the ambit of Indian Partnership Act ?

___________ is not an essential requirement of a valid partnership.