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Accountancy Test - 2
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  • Question 1/10
    5 / -1
    What is usually included in the Partnership deed?
  • Question 2/10
    5 / -1
    Where will you record the interest on drawings?
  • Question 3/10
    5 / -1
     If fixed amount is withdrawn by a partner on the first day of each quarter, interest on the total amount is charged for___________months.
  • Question 4/10
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    Rent paid to a partner is considered as
  • Question 5/10
    5 / -1
    Commission may be allowed to the partner:
  • Question 6/10
    5 / -1
    If there is no agreement, the interest on capital will be:
  • Question 7/10
    5 / -1
    Provision for depreciation is _____.
  • Question 8/10
    5 / -1
     Which of the following statement is true?
  • Question 9/10
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    In the absence of any agreement, interest on a loan advanced by the partner to the firm
  • Question 10/10
    5 / -1
    If there is No partnership agreement, what will be the percentage of profit sharing ratio between them?
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