In the absence of partnership deed, at which rate interest is allowed on a partner’s loan? Post category:Accountancy Reading time:1 mins read SOLUTION 6% p.a. 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 PostIn the absence of partnership deed, what is the ratio in which the profits of a firm are divided among the partners? Next PostKavita and Laxmi run a charitable dispensary. Kavita wants to have a partnership deed. What is your opinion? You Might Also Like B and C are in partnership sharing profits and losses as 3 : 1. They admit D into the firm, D pays premium of Rs. 15,000 for 1/3rd share of the profits. As between themselves, B and C agree to share future profits and losses equally. Draft Journal entries showing appropriations of the premium money. August 1, 2022 Revenue from Operations Rs. 4,00,000; Gross Profit Rs. 1,00,000; Closing Inventory Rs. 1,20,000; Excess of Closing Inventory over Opening Inventory Rs. 40,000. Calculate Inventory Turnover Ratio. August 13, 2022 Why a retiring or heirs of a deceased partner are entitled to a share of goodwill of the firm? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
B and C are in partnership sharing profits and losses as 3 : 1. They admit D into the firm, D pays premium of Rs. 15,000 for 1/3rd share of the profits. As between themselves, B and C agree to share future profits and losses equally. Draft Journal entries showing appropriations of the premium money. August 1, 2022
Revenue from Operations Rs. 4,00,000; Gross Profit Rs. 1,00,000; Closing Inventory Rs. 1,20,000; Excess of Closing Inventory over Opening Inventory Rs. 40,000. Calculate Inventory Turnover Ratio. August 13, 2022
Why a retiring or heirs of a deceased partner are entitled to a share of goodwill of the firm? September 27, 2022
