Accounting for ...

Goods worth Rs.$$5,000$$ were purchased from P on $$3$$ months credit. P A/c will be shown under.....

As per the Partnership Act partners are entitled to interest on capital at....

XYZ is a partnership firm, Y took goods worth Rs 5000 from the business for self use. This will be accounted for as 

Which of these is not a determinant of good will of a firm _________?

As per Partnership Act the property of the firrn shall be held and used by the partners ______________________.

An agreement to carry on business at future time does not result in partnership unless __________________.

There are three partners in a firm A, B and C. D is admitted into the firm with $$1_{/4}$$ share of profit with a guaranteed profit of Rs. $$50,000$$ p.a. The firm's total profit is Rs. $$1,60,000$$ what amount would be given to D as his share of profit by the firm.

A, B and C are three partners sharing profit and loss in the ratio of 2:3:1 B retires from the firm. What is the new profit sharing ratio of the remaining partners

A, B and C are three partners in a partnership from dealing in ready-made garments. A on his own without knowledge and consent of remaining partner enter into an export order of sugar to Nepal on which he suffered heavy losses. A cannot recover this loss from the firm or other partners because ___________.

A and B are two partners in a firm sharing profit and loss equally. C is admitted as a third partner for $$1_{/3}$$ share of profit for which he agreed to pay Rs. $$10,000$$ to each partner as his share of good will privately. How this will be accounted for in the books of the firm.