Accounting for ...

A nominal partner is ________________.

Interest on drawings is ______________.

Which of the following is correct in respect of partnership accounts?
1. In the absence of any provision in the partnership agreement to the contrary partners can charge interest at 6% p.a. on loans given by them to the partnership firm.
2. An ordinary partnership firm can have not more than 50 partners
3. A banking partnership firm can have not more than 50 partners
4. In the absence of an agreed ratio in the agreement, partners will share profits and losses in the ratio their capitals.
Select the correct answer using the codes given below.

If there is no partnership deed then interest on capital will be charged at ______p.a.

______ is limited exposure to financial risk by investors of a company or a partnership.

The balance in the investments Fluctuation Fund, after meeting the loss on revaluation of investment at the time of admission of a partner will be transferred to _____________ .

The Agreement of Partnership ________________.

The Advance Ruling Authority shall comprise of

Which of the following is not an example of Partnership ?

Match List-I with List-II and select the correct answer using the codes given the lists.