Question 1 Chapter 2 – Unimax Class 12 Part 1
1. A and B are partners in a firm. State by giving reasons whether their claims are valid if partnership deed is silent in following Matters :
(a) B has advanced a loan to the firm. He claims interest at the usual interest rate charged by banks. Which is 13% per annum.
(b) A has contributed Rs. 100000 and B Rs. 50000 as Capital. B wants profits to be shared equally.
The solution of Question 1 Chapter 2 – Unimax Class 12 Part 1:
In the absence of any partnership agreement :
(i) B is entitled to interest an loan @ 6% p.a.
(ii) Profits among partners should be distributed equally.
https://tutorstips.com/not-for-profit-organisations/
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
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