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Accounting for ...

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  • Question 1
    1 / -0.25

    What is usually included in the Partnership deed?

  • Question 2
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    Where will you record the interest on drawings?

  • Question 3
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     If fixed amount is withdrawn by a partner on the first day of each quarter, interest on the total amount is charged for___________months.

  • Question 4
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    Rent paid to a partner is considered as

  • Question 5
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    Commission may be allowed to the partner:

  • Question 6
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    If there is no agreement, the interest on capital will be:

  • Question 7
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    Provision for depreciation is _____.

  • Question 8
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     Which of the following statement is true?

  • Question 9
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    In the absence of any agreement, interest on loan will be:

  • Question 10
    1 / -0.25

    If there is No partnership agreement, what will be the percentage of profit sharing ratio between them?

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