What is the minimum number of partners a firm should have? Post category:Accountancy Reading time:1 mins read SOLUTION There should be at least 2 persons to form a partnership. 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 PostGive the meaning of ‘Liability of Partners’ as a feature of partnership. (C.B.S.E 2020) Next PostWhat is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm. (Delhi 2016) You Might Also Like Identify the purpose of utilizing the ‘Security Premium Reserve’ that would maximise the return to shareholders. September 29, 2022 Why is it important, to have a partnership deed in writing? September 26, 2022 Calculate Trade Receivables Turnover Ratio in each of the following alternative cases: Case 1: Net Credit Sales Rs. 4,00,000; Average Trade Receivables Rs. 1,00,000. Case 2: Revenue from Operations (Net Sales) Rs. 30,00,000; Cash Revenue from Operations, i.e., Cash Sales Rs. 6,00,000; Opening Trade Receivables Rs. 2,00,000; Closing Trade Receivables Rs. 6,00,000. Case 3: Cost of Revenue from Operations or Cost of Goods Sold Rs. 3,00,000; Gross Profit on Cost 25%; Cash Sales 20% of Total Sales; Opening Trade Receivables Rs. 50,000; Closing Trade Receivables Rs. 1,00,000. Case 4: Cost of Revenue from Operations or Cost of Goods Sold Rs. 4,50,000; Gross Profit on Sales 20%; Cash Sales 25% of Net Credit Sales, Opening Trade Receivables Rs. 90,000; Closing Trade Receivables Rs. 60,000. August 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Identify the purpose of utilizing the ‘Security Premium Reserve’ that would maximise the return to shareholders. September 29, 2022
Calculate Trade Receivables Turnover Ratio in each of the following alternative cases: Case 1: Net Credit Sales Rs. 4,00,000; Average Trade Receivables Rs. 1,00,000. Case 2: Revenue from Operations (Net Sales) Rs. 30,00,000; Cash Revenue from Operations, i.e., Cash Sales Rs. 6,00,000; Opening Trade Receivables Rs. 2,00,000; Closing Trade Receivables Rs. 6,00,000. Case 3: Cost of Revenue from Operations or Cost of Goods Sold Rs. 3,00,000; Gross Profit on Cost 25%; Cash Sales 20% of Total Sales; Opening Trade Receivables Rs. 50,000; Closing Trade Receivables Rs. 1,00,000. Case 4: Cost of Revenue from Operations or Cost of Goods Sold Rs. 4,50,000; Gross Profit on Sales 20%; Cash Sales 25% of Net Credit Sales, Opening Trade Receivables Rs. 90,000; Closing Trade Receivables Rs. 60,000. August 16, 2022
