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Fundamentals of...

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  • Question 1
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    Partners collectively are called :

  • Question 2
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    Profit and Loss appropriation account is differ from Profit and Loss account as it is prepared by

  • Question 3
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    Which Section of the Partnership Act defines Partnership as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all?

  • Question 4
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    If dates of the withdrawal of drawings are not given then interest on drawings should be charged:

  • Question 5
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    Mutual Agency implies:

  • Question 6
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    Interest on capital as a charge against profits in case of insufficient profit is

  • Question 7
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    What is the status of partnership from an accounting viewpoint

  • Question 8
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    When liabilities of partners are unlimited that implies

  • Question 9
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    Items listed below appear in the Profit and loss appropriation account except:

  • Question 10
    1 / -0

    When interest on capital is paid whether there is profit or loss it is known as

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