Question

c) 20
B
Write the word phrase/term, which can substitute each of the following sentences.
2) Amount of cash or goods withdrawn by partners from the business from time to time.
Process of entering the name of partnership firm in the register of Registrar.
d) 50
Persons who form the partnership firm.
3)
An association of two or more persons according to Indian partnership Act 1932.
Act under which partnership firms are regulated.
5)
6) Partnership agreement in written form.
7) Under this method capital balances of partners remains constant.
8) Proportion in which partners share profits.
9)
10) The account to which all adjustment are made when capital is fixed.
11) Expenses which are paid before they are due.
12) The accounts that are prepared at the end of each accounting year.
13) An asset which can be converted into cash easily.
14) Order in which fixed assets are recorded first in Balance sheet.
15) The account in which selling expenses of business are recorded.
16) Debit balance of Trading Account.
17) Credit balance of profit & loss account.
Such capital method in which only capital account is maintained for each partner.
Strea whether the following statements are True of False with reasons.​

Answer 1

Answer:

give one question at a time it would be easy for everyone

Answer 2

Explanation:

Write the word phrase/term, which can substitute each of the following sentences.

2) Amount of cash or goods withdrawn by partners from the business from time to time.

Process of entering the name of partnership firm in the register of Registrar.

d) 50

Persons who form the partnership firm.

3)

An association of two or more persons according to Indian partnership Act 1932.

Act under which partnership firms are regulated.

5)

6) Partnership agreement in written form.

7) Under this method capital balances of partners remains constant.

8) Proportion in which partners share profits.

9)

10) The account to which all adjustment are made when capital is fixed.

11) Expenses which are paid before they are due.

12) The accounts that are prepared at the end of each accounting year.

13) An asset which can be converted into cash easily.

14) Order in which fixed assets are recorded first in Balance sheet.

15) The account in which selling expenses of business are recorded.

16) Debit balance of Trading Account.

17) Credit balance of profit & loss account.

Such capital method in which only capital account is maintained for each partner.

Strea whether the following statements are True of False with reasons.