Have a question?
Send enquiry
Message sent Close

Admission of Partner

Excellent commerce point > Admission of Partner
Partnership Accounting
18
Sep

Partnership Accounting – CMA Inter Financial Accounting Question 1.Write short note:Guaranteed Partnership. (June 2013, 5 marks)Answer:In a partnership, there may be special agreement by virtue of which partner may get the guarantee of earning a minimum amount of profit. The guarantee may be given by one partner in particular or by the firm. It is […]

Posted in: CMA updates , ICMAI ,
Tags: Accounting Basics , Accounting Concepts , Accounting For Beginners , Admission of Partner , Capital Accounts , Commerce Education , Commerce Students , Dissolution Of Firm , Partnership Accounting , Partnership Deed , Profit Sharing Ratio , Retirement of Partner , Revaluation ,
Partnership and LLP Accounts
29
May

Partnership and LLP Accounts Which document is created to outline the rights and duties of partners?a) Memorandum of Associationb) Articles of Associationc) Partnership Deed d) LLP Agreement In the absence of a partnership deed, partners share profits and losses:a) Equally b) In capital ratioc) Based on aged) Based on experience Which account is not prepared […]

Posted in: ca foundation notes ,
Tags: Admission of Partner , ca foundation , CA Foundation Accounting , CA Foundation Business Law , CA Foundation MCQs , CA Foundation Practice Questions , Limited Liability Partnership , LLP Accounts , Partnership Accounts , Partnership Deed , Profit Sharing Ratio , Retirement of Partner , Revaluation Account ,