Take Class 12 Tuition from the Best Tutors
Search in
Lesson Posted on 10 May Learn CBSE
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:
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.
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.
read lessLesson 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...
Lesson Posted on 23/08/2023 Learn Class XI-XII Tuition (PUC)
Sandhya
I am a Kannada Assistant professor with over 5 year of experience in teaching PUC Kannada language for...
Take Class 12 Tuition from the Best Tutors
Lesson Posted on 05/02/2023 Learn Class XI-XII Tuition (PUC)
Sandhya
I am a Kannada Assistant professor with over 5 year of experience in teaching PUC Kannada language for...
Answered on 28/01/2023 Learn Accountancy
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 lessAnswered on 05/03/2023 Learn Class XI-XII Tuition (PUC)
Mohd
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.
Take Class 12 Tuition from the Best Tutors
Answered on 06/11/2023 Learn Class XI-XII Tuition (PUC)
Lakshaya Kansal
Gold medalist from Delhi university and 10+ year teaching experience
Answered on 18/03/2018 Learn Class XI-XII Tuition (PUC)
D. Mukherjee
Science Tutor
Answered on 26/01/2015 Learn Class XI-XII Tuition (PUC)
Ravi Kumar Mumbai
Tutor
Take Class 12 Tuition from the Best Tutors
Answered on 23/05/2023 Learn Class XI-XII Tuition (PUC)
Emil
UrbanPro.com helps you to connect with the best Class 12 Tuition in India. Post Your Requirement today and get connected.
Ask a Question
The best tutors for Class 12 Tuition Classes are on UrbanPro
The best Tutors for Class 12 Tuition Classes are on UrbanPro