21 public questions tagged with this topic.
(B), (D), and (E) only financial statements correct; Schedule III format Companies Act 2013.
Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.
Sacrifice 1/10 financial statements correct; Schedule III format Companies Act 2013.
Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Both 2 & 3 correct per NCERT Dissolution of Partnership Firm; matches accountancy concept accurately.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
In case of loss or insufficient partnership correct; deed provisions interest capital drawings as per Act.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
Partnership deed includes firm name, partners names, commencement date, profit sharing ratio.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
False partnership correct; deed provisions interest capital drawings as per Act.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
Both Assertion (A) and Reason (R) partnership correct; deed provisions interest capital drawings as per Act.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
True partnership correct; deed provisions interest capital drawings as per Act.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
