SELECT * FROM question_mgmt as q WHERE id=5484 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=11 AND chapterId=135 and ex_no='4' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th accountancy Accounting for Partnership : Basic Concepts in the absence of partnership deed specify the ru

Question:

In the absence of Partnership deed, specify the rules relating to the following :

(i) Sharing of profits and losses.
(ii) Interest on partner’s capital.
(iii) Interest on Partner’s drawings.
(iv) Interest on Partner’s loan
(v) Salary to a partner.

Answer:

(i) Sharing of Profit and Losses In the absence of partnership deed profit the sharing ratio among the pad maw will be equal.
(ii) Interest on Partner’s Capital In the absence of panama peru interest on partners capital will not be given.
(iii) Interest on Partner’s Drawings In the absence of partnership deed no interest will be charged on partners drawings.
(iv) Interest on Partners Loan In the absence of partnership deed if partner gives any loan to the firm he/she will be entitled to get a fixed percentage of interest @6% of annum.
(v) Salary of Partner In the absence of the partnership deed a partner will be entitled for getting any salary for his work even if the others are non working.


< Previous Question

Next Question >

SELECT ex_no,question,question_no,id,chapter FROM question_mgmt as q WHERE courseId='3' AND subId='11' AND ex_no!=0 AND status=1 and id!=5484 ORDER BY views desc, last_viewed_on desc limit 0,10

  • Popular questions of class 12 Accountancy

SELECT ex_no,question,question_no,id,chapter FROM question_mgmt as q WHERE courseId='3' AND subId='11' AND ex_no!=0 AND status=1 and id!=5484 ORDER BY last_viewed_on desc limit 0,10

  • Recently Viewed Questions of Class 12 Accountancy

Comments

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

Comment(s) on this Question


NCERT Solutions

Quick Links

Resources

Support