nitonth
12 %
(3) Ram
Their
paid
after
the f
on 3
will T
(d) In unequal ratio
g. 2. Answer the following questions in one
sentence:
(1) What do you mean by partners ?
(2) What is meant by a Partnership Deed ?
(3) Why is partnership deed desirable in written
form?
(4) If there is no clarification in partnership
deed, then can salary, remuneration, bonus.
or commission be paid to partners?
(5) Even if the partnership firm is in loss, is
the partner entitled to receive salary as per
the agreement ?
(6) What is the credit balance of profit and loss
appropriation account called ?
(7) What is meant by Fluctuating Capital Account
Method ?
(8) What is meant by Fixed Capital Account
Method ?
(4) Deepa
profit
Deeya
net p
If De
find
(5) Rima
profit
Mana
on th
Rina
Calcu
out 1
(6) Panc
(9) Under Fixed Capital Account Method, how
many accounts needs to be prepared for
each partner? Which are they?
(10) What is meaning of Partner's Current Account?
(11) Why are the partners' current accounts
opened?
(12) Interest on drawings is debited to which
account under Fluctuating Capital Account
Method ?
and
total
will
(7) Mili
one
(13) Loss of a partner is debited to which account
under Fixed Capital Account Method ?
(14) Interest on capital is credited to which account
under Fixed (Permanent) Capital Account
Method ?
(8) Suza
profi
Suza
Dhar
pron
(15) Which balance does the capital and current
accounts have ?
Answers
Answer:
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Explanation:
nitonth
12 %
(3) Ram
Their
paid
after
the f
on 3
will T
(d) In unequal ratio
g. 2. Answer the following questions in one
sentence:
(1) What do you mean by partners ?
(2) What is meant by a Partnership Deed ?
(3) Why is partnership deed desirable in written
form?
(4) If there is no clarification in partnership
deed, then can salary, remuneration, bonus.
or commission be paid to partners?
(5) Even if the partnership firm is in loss, is
the partner entitled to receive salary as per
the agreement ?
(6) What is the credit balance of profit and loss
appropriation account called ?
(7) What is meant by Fluctuating Capital Account
Method ?
(8) What is meant by Fixed Capital Account
Method ?
(4) Deepa
profit
Deeya
net p
If De
find
(5) Rima
profit
Mana
on th
Rina
Calcu
out 1
(6) Panc
(9) Under Fixed Capital Account Method, how
many accounts needs to be prepared for
each partner? Which are they?
(10) What is meaning of Partner's Current Account?
(11) Why are the partners' current accounts
opened?
(12) Interest on drawings is debited to which
account under Fluctuating Capital Account
Method ?
and
total
will
(7) Mili
one
(13) Loss of a partner is debited to which account
under Fixed Capital Account Method ?
(14) Interest on capital is credited to which account
under Fixed (Permanent) Capital Account
Method ?
(8) Suza
profi
Suza
Dhar
pron
(15) Which balance does the capital and current
accounts have ?