Accountancy Tes...

In absence of partnership deed, ______ partner gets more share of profit.

Which of these is not a feature of partnership?

If a fixed amount is withdrawn on the last day of every quarter of a calendar year, the interest on the total amount of drawings will be calculated for __________.

B and M are partners in a firm. They withdrew ₹ 48,000 and ₹ 36,000 respectively during the year evenly in the middle of every month. According to the partnership agreement, interest on drawings is to be charged @ 10% p.a.Calculate interest on drawings of the partners using the appropriate formula.Calculate B interest

Which of these is charge against profit?

Which of these is not a duty of partners?

Current account of a partner has

Ram, Raghav and Raghu are partners in a firm sharing profits in the ratio of 5 : 3 : 2. As per partnership deed, Raghu is to get a minimum amount of ₹ 10,000 as profit. Net profit for the year is ₹ 40,000. Calculate deficiency (if any) to Raghu.

If a partner withdraws equal am ount at end of each quarter, then _____ are to be considered for interest on total drawings.

Moin and Azam are partners in a firm with capital ₹ 20,000 and ₹ 40,000 respectively. Profit for FY 21 are ₹ 60,000 . Who will get how much share?