Where partner is entitled to interest on capital such interest will be payable

In a partnership business, agreement is

Under fixed capital method, salary payable to a partner is recorded

When a partner withdraws regularly a fixed sum of money at the middle of every month period for which interest is to be calculated on the drawings on an average is

In the absence of an agreement profit and losses are divided

Profit after interest on drawings, interest on capital and remuneration is Rs.10,500. Geetha, a partner, is entitled to receive commission @5% on profits after charging such commission. Find out commission.

When fixed capital method is adapted by a partnership firm, which of the following items will appear in capital account?

Which of the following is the incorrect pair?

In the absence of an agreement, partners are entitled to

Interest on capital is calculated on the

Under fixed capital system, the profit and losses of partners will be transferred to there ............... account

As per the Indian Partnership Act, 1932, the rate of interest allowed on loans advanced by partners is

x and y are partners sharing the profits and losses in the ratio of 2:3 with capitals of Rs. 1,20,000 and Rs.60,000 respectively profit for the year are Rs.9,000, If the partnership deed is silent as to interest on capital show how profit is shared among X and Y

In a partnership, partners share their profits & losses in ......... ratio

In the absence of an agreement among the partners, interest on capital is

Current accounts for partners will be opened under

The minimum number of Reasons in a partnership firm is

Which of the following is shown in profit and loss appropriation account

Pick the odd on out

In the absence of partnership deed, profits of firm will be shared by the partners in