Please select a subject first
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When there is no partnership agreement between partners, the division of Profits takes place in ______ ratio.
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When there is no partnership agreement between partners, the division of Profits takes place in ______ ratio.
Concept: undefined >> undefined
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Partners share profit & losses in ______ ratio in the absense of partnership deed.
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Partners share profit & losses in ______ ratio in the absense of partnership deed.
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Answer in one sentence only:
Why is Partnership Deed necessary?
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Answer in one sentence only:
Why is Partnership Deed necessary?
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Convert the following Trading and Profit and Loss Account into Vertical Income Statement:
| Dr. | Trading, Profit and Loss Account (for the year ended 31st March, 2020) |
Cr. | |
| Particulars | Amount (₹) |
Particulars | Amount (₹) |
| To Opening stock | 50,000 | By Sales | 6,00,000 |
| To Purchases | 4,50,000 | By Closing Stock | 1,50,000 |
| To Carriage | 20,000 | ||
| To Direct expenses | 30,000 | ||
| To Wages | 50,000 | ||
| To Gross Profit c/d | 1,50,000 | ||
| Total | 7,50,000 | 7,50,000 | |
| To Office expenses | 62,500 | By Gross Profit b/d | 1,50,000 |
| To Finance expenses | 15,000 | ||
| To Selling expenses | 50,000 | ||
| To Net Profit c/d | 22,500 | ||
| Total | 1,50,000 | 1,50,000 | |
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Fees paid by persons to become members of a ‘Not for Profit’ concern.
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Fees paid by persons to become members of a ‘Not for Profit’ concern.
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Receipt and Payment account is a ______ account.
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Receipt and Payment account is a ______ account.
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Select the appropriate answer from the alternatives given below & rewrite the completed statement :
The common size statement requires _____________.
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Give one word/term/ phrase for the following statement
The tool for analysis of financial statement where, individual figures of balance sheet is converted into percentage.
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Explain the following :
Common size balance sheet.
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Solve the following:
In common size balance sheet fixed assets are Rs 50,000 and balance sheet total as Rs 1,50,000. Find out percentage of fixed assets to total assets.
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Write one Word/Term/Phrase for the following statement.
All such receipts which are non-recurring in nature and not forming a part of regular flow of income.
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Write one Word/Term/Phrase for the following statement.
All such receipts which are non-recurring in nature and not forming a part of regular flow of income.
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Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Non-Cash items are not recorded in_____________
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Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Non-Cash items are not recorded in_____________
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State whether the following statement is True or False.
There is no difference between Receipts and Payment Account and Income and Expenditure Account.
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