true

Take Class 11 Tuition from the Best Tutors

Affordable fees
1-1 or Group class
Flexible Timings
Verified Tutors

Search in

Provisions of Indian Partnership Act 1932- In Absence of Partnership deed

Madhura Sagar G.

05/05/2022 1 0

1. Interest on Loan taken by Firm should be 6 percent per annum.

2. Interest on Loan given by the Firm should be nil

3. No partner could be admitted in the firm without the consent of the exisiting partners.

4. Interest on Capital, Interest on Drawings and Partner's Salary/comission should be nil.

5. The Profit sharing ratio between the partners, for both profit and loss should be equal.

1 Like 0 Dislike

Follow 2

Other Lessons for You

The Lifeblood of Accounting

The Accounting Equation: The Lifeblood of Accounting In the world of accountancy, the accounting equation is like the heart that keeps the system alive. Just as the human body relies on the circulatory...

Amal Anil

0 0

Rules of debit and credit

Personal account: Debit the receiver and credit the giverReal account: Debit what comes in and credit what goes outNominal account: Debit all expenses & losses and credit all incomes & gains

Pankaj Agarwal

1 0

Introduction To Accounting: Part 4: Accounting Cycle

Remember when we started learning English? We started off by learning Alphabets, then we joined Alphabets to form Words, then we joined Words to form Sentences, then we joined Sentences to form Paragraphs,...

Nishant Kumar

0 0

A short Concept of Dividend in Accountancy :--

A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock,...

Kousiki Chakraborty

1 0

Valuation of Goodwill

This is one of the introductory chapters at the graduation level as well as in professional exams. The brief notes on methods and calculation of goodwill in easy steps are presented below: Methods of...

Gayatri D.

1 0

Find Class 11 Tuition near you

Looking for Class 11 Tuition ?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Class 11 Tuition Questions

I have registered as a home tutor but i am not getting any messages.

6 Answers

What is the difference between amalgamation and absorption?

5 Answers

what is the home tution fee per hour per subject of class 11th and 12th commerce?

13 Answers

X has made the following drawings during 2014-15. Calculate interest on drawings @90% . 1.Rs. 4000 withdrawn...

20 Answers

What is meant by Capital?

8 Answers

Looking for Class 11 Tuition Classes?

The best tutors for Class 11 Tuition Classes are on UrbanPro

Select the best Tutor
Book & Attend a Free Demo
Pay and start Learning

Take Class 11 Tuition with the Best Tutors

The best Tutors for Class 11 Tuition Classes are on UrbanPro

I am a Student I am a Tutor
Name*	Please enter your full name. Please enter institute name.
Email*	Please enter your email address.
Phone*	Please enter a valid phone number.
Location*	Please enter a pincode or area name.
City*	Please enter city name.
Category*	Please enter category.
Gender*	Male Female Please select your gender.
Email ID/ Mobile No.*	Please enter either mobile no. or email.
Enter Password*	Please enter OTP Please enter Password Sorry, this phone number is not verified, Please login with your email Id.