Accounting for ...

In a partnership firm one of the partner x had no capital account. What could be the reason__________________.

One advantage of operating as a partnership would include ____________.

A debit balance on a partner's current account must indicate that _________.

What is not common in a partnership firm.

A partner was supposed to contribute Rs.50,000 in a partnership firm. He gave Rs.80,000 to the firm. How much interest he will get on the extra money we contributed to the firm above his agreed share in the firm __________.

_______________ a/c is debited for loss on adjustment under past adjustments through profit and loss adjustment account.

A new agreement of a partnership firm to replace the old one is formed only in these conditions.

For adjustment _______________, a statement of accounts to ascertain the net effect of omission on partner's capital accounts is to be worked out at first.

Interest on capital is given from profit and loss appropriation account to a partner __________________.

As per companies Act there can be _____no of partners.