Accounting for ...

As per Indian Partnership Act,public notice is required in the event of ___________.

A a trader by mistake left goods at B's house. B treat the same as his own and appropriate them. Which of the following line of action is advisable in the above situation.

AB are two partners in a firm C is admitted for 1/3 shares of profit with a minimum guaranteed profit of Rs. 30,000 given by A and B in the ratio of 2:1. During 2013-14 the firm reported net profit of Rs.63,000. Find the share of profit of B.

A and B are two partners sharing profit and loss in the ratio of 2:3. C is admitted as a third partner for which he brings Rs.6000 in cash as his share of the goodwill. The partners decided to share profit and loss in the ratio of 4:5:6 in future. How the goodwill be distributed at the time of admission of C?

A and B are partner in a firm with profit sharing ratio of 3:4, they admit C as a partner for $$\dfrac {1}{4}$$ share of profit. What would be  the sacrificing ratio of A and B

Tick the correct statement

The rights and duties of a partner contained in section 12 of the Indian Partnership Act, 1932 are _________________.

If there is no agreement between the partners, a partner is entitled to have............

Notice for dissolution of a Partnership firm, when the partnership firm is at will can be............

XY are two partners in a partnership firm. As per the terms of partnership deed partnership deed partners are charged 6% interest on the drawing made by them during the year. For the year ending 31st. Dec 14 draws money from the firm as per the details given below.
31st March Rs. 3000
31st May Rs. 2000
31st August Rs. 2000
30th November Rs. 1000
Calculate the interest on drawing to be charged from X.