Accounting for ...

The estate of a partner who dies, or who becomes insolvent, is not liable for partnership debts contracted _______________________.

Following are the essential elements of a partnership firm except.

Partnership is defined as "the relation between persons who have agreed to share the profits of a business carried on by _________ acting for all".

Which of the following is/are essential feature of partnership?

A partner claim interest on capital __________.

Joint Life Policy is taken by the firm on the life (s) ___________________.

The estate of a deceased partner is liable for any act of the firm done after his death.

When a partner is given guarantee by the other partner, loss on such guarantee will be borne by -

In partnership under fluctuating capital account method, recording the transactions relating to drawings, interest on capital, commission, salary, share of profit or loss are made in ___________.

When the partners capital accounts are fixed, then as per the decision in the Garner vs. Murray case, any loss arising due to the capital deficiency in the insolvent partner's capital accounts is to be borne by solvent partners in the ratio of _______.