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Lesson Posted on 10 May Learn CBSE +2 Class 12 Accounts

Accounting for partnership: Basic concept

Deepika Agrawal

With a decade of dedicated teaching experience, I have honed my skills in fostering a dynamic and engaging...

QUESTIONS: Define Partnership Deed. Answer: A partnership deed is an agreement among the partners which contains ai! the terms of the Partnership. It generally contains the details about all the aspects affecting the relationship between the partners including the objective of business, contribution... read more

QUESTIONS:

  1. Define Partnership Deed.

Answer: A partnership deed is an agreement among the partners which contains ai! the terms of the Partnership. It generally contains the details about all the aspects affecting the relationship between the partners including the objective of business, contribution of capital by each partner-ratio in which the profits and the losses will be shared by the partners and entitlement of partners to interest on capital, interest on loan etc.

 

  1. Why it is considered desirable to make the partnership agreement in writing?

Answer: As. per Partnership Act 1932 it is not necessary that a partnership agreement must be in writing but still it is always suggested that it should be in written form Because today there are very good relationship among the partners but n future if there may be any dispute regarding any issue, a written partnership agreement will help in avoiding disputes and misunderstandings among the partners.

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Lesson Posted on 24/08/2023 Learn Class XI-XII Tuition (PUC)

Halegannada padagala artha - 1

Sandhya

I am a Kannada Assistant professor with over 5 year of experience in teaching PUC Kannada language for...

https://vz-3ad30922-ba4.b-cdn.net/54ae6859-8dab-4d96-9f49-8f97279edda1/play_480p.mp4
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Lesson Posted on 23/08/2023 Learn Class XI-XII Tuition (PUC)

Halegannada padagala artha

Sandhya

I am a Kannada Assistant professor with over 5 year of experience in teaching PUC Kannada language for...

https://vz-3ad30922-ba4.b-cdn.net/3f65ca19-78fc-4c8a-bc2c-37f37d5bac7c/play_240p.mp4
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Lesson Posted on 05/02/2023 Learn Class XI-XII Tuition (PUC)

Saindhavana parichaya

Sandhya

I am a Kannada Assistant professor with over 5 year of experience in teaching PUC Kannada language for...

https://vz-3ad30922-ba4.b-cdn.net/18a4765f-39b2-4f4b-866d-359265b7bae9/play_480p.mp4
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Answered on 28/01/2023 Learn Accountancy +1 Accounts

Deepali

Programming languages trainer with having 8 years experience

The conservatism concept is a concept in accounting which refers to the idea that expenses and liabilities should be recognised as soon as possible in a situation where there is uncertainty about the possible outcome and in contrast record assets and revenues only when they are assured to be received... read more

The conservatism concept is a concept in accounting which refers to the idea that expenses and liabilities should be recognised as soon as possible in a situation where there is uncertainty about the possible outcome and in contrast record assets and revenues only when they are assured to be received.

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Answered on 05/03/2023 Learn Class XI-XII Tuition (PUC) +1 Accountancy

Mohd

ROI = EBIT/ Capital EmployedEBIT = ROI × Capital Employed = 25% × 20,00,000 = 5,00,000 Intrest = 20,00,000 × 15% = 3,00,000 Shareholders Gain = EAT ( Earning After Tax) = (EBIT - Intrest) - Income Tax = (5,00,000 - 3,00,000) - 60% = 2,00,000 - 60% = 2,00,000 - 120,000 = 80,000Hence,... read more

ROI = EBIT/ Capital Employed
EBIT = ROI × Capital Employed
= 25% × 20,00,000
= 5,00,000

Intrest = 20,00,000 × 15%
= 3,00,000

Shareholders Gain = EAT ( Earning After Tax)
= (EBIT - Intrest) - Income Tax
= (5,00,000 - 3,00,000) - 60%
= 2,00,000 - 60%
= 2,00,000 - 120,000
= 80,000
Hence, the gain the shareholders due to the loan raised by the company is RS. 80,000.

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Answered on 06/11/2023 Learn Class XI-XII Tuition (PUC) +1 Physics

Lakshaya Kansal

Gold medalist from Delhi university and 10+ year teaching experience

Amplitude is the positive or negative peak value of a wave while frequency is the number of oscillations complete in 1 second.
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Answered on 18/03/2018 Learn Class XI-XII Tuition (PUC) +3 Physics Class VI-VIII Tuition Science

D. Mukherjee

Science Tutor

It is of four types. 1.Simply supported beam or simple beam 2. Semi continuous beam 3. Continuous 4. Cantilever beam
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Answered on 26/01/2015 Learn Class XI-XII Tuition (PUC)

Ravi Kumar Mumbai

Tutor

Depends Teacher to Teacher as quality differs a lot.
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Answered on 23/05/2023 Learn Class XI-XII Tuition (PUC)

Emil

POH = 1 2OH = 10^-1 OH = 0.05 M s = 0.05 M Ksp = 4s^3 Ksp = 5 x 10^-4 M^3
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