Accounting for ...

There are three partners in a firm A, B and C. D is admitted into the firm with share of profit with a guaranteed profit of Rs. 30,000 p.a. The firms total profit is Rs. 80,000, what amount would be given to X as his share of profit by the firm?

As per the Indian Partnership Act, the term Business does not include ..

XYZ are three partner sharing profit-and loss in the ratio of 3:2:1. The firm took Joint Life policy of Rs. 30,000 for X, Rs. 25,000 for Y and Rs. 18,000 for Z. What is the share of Z in the Joint life policy?

P and Q are two partners sharing profit and loss equally. P draws Rs. 2,000 at the end of each month for 6 months whereas O draw Rs 1,000 at the beginning of each month for six months. Assuming that interest on drawing is to be charged @ 6% p.a. Interest on drawing of P will be

An entry in the Register of firms can be made __________.

What is the gaining ratio of the remaining partners in question No.39

Novation means

Non-registration of firm does not effect a suit or claim of set-off not exceeding

Intimation regarding change in the firms name is signed by  

X, Y are two co-venturers. If X a- co-venturers takes away goods for his personal use. Under memorandum method which of these accounts would be credited to