What is meant by ‘partners’, ‘firm’ and ‘firm’s name’? Post category:Accountancy Reading time:1 mins read SOLUTION The persons who have entered into a partnership with one another cure individually called ‘partners’ and collectively a ‘firm’. The name under which the business is carried is called firm’s name’. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostState giving reason, whether issue of shares for consideration other than cash will result into inflow, outflow or no flow of cash. (C.B.S.E. 2020, Kerala) Next PostDoes partnership firm has a separate legal entity? Give reason in support of your answer. (Delhi 2017) You Might Also Like Revenue from Operations Rs. 4,00,000; Gross Profit Ratio 25%; Operating Ratio 90%. Non-operating Expenses Rs. 2,000; Non-operating Income Rs. 22,000. Calculate Net Profit Ratio. August 17, 2022 The trade receivables turnover ratio of a company is 6 times. State with reasons whether the ratio will improve, decrease or riot change due to increase in the value of closing inventory by Rs. 50,000. October 3, 2022 Moneyplus company issued 2,50,000 Equity Shares of Rs. 10 each to public. All amounts have been received in lump sum. Pass necessary Journal entries in the books of the company. July 13, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Revenue from Operations Rs. 4,00,000; Gross Profit Ratio 25%; Operating Ratio 90%. Non-operating Expenses Rs. 2,000; Non-operating Income Rs. 22,000. Calculate Net Profit Ratio. August 17, 2022
The trade receivables turnover ratio of a company is 6 times. State with reasons whether the ratio will improve, decrease or riot change due to increase in the value of closing inventory by Rs. 50,000. October 3, 2022
Moneyplus company issued 2,50,000 Equity Shares of Rs. 10 each to public. All amounts have been received in lump sum. Pass necessary Journal entries in the books of the company. July 13, 2022