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Accountancy Tes...

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  • Question 1
    5 / -1

    What is usually included in the Partnership deed?

  • Question 2
    5 / -1

    Where will you record the interest on drawings?

  • Question 3
    5 / -1

     If fixed amount is withdrawn by a partner on the first day of each quarter, interest on the total amount is charged for___________months.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
    5 / -1

    Rent paid to a partner is considered as

  • Question 5
    5 / -1

    Commission may be allowed to the partner:

  • Question 6
    5 / -1

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

  • Question 7
    5 / -1

    Provision for depreciation is _____.

  • Question 8
    5 / -1

     Which of the following statement is true?

  • Question 9
    5 / -1

    In the absence of any agreement, interest on a loan advanced by the partner to the firm

  • Question 10
    5 / -1

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

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