Note: The total amount received by the partner is the salary – the share of profits 49. A, B and C are partners in a company without agreement. You deposited 750,000, 730,000 and 720,000 in capital in the company. A couldn`t work six months a year because of illness. At the end of the year the company 7 won 15,000 pro-Lit. The A share in the profit will be: (A) 77,500 (B) 73,750 (C) 75,000 (D) 72,500 Partnership Act 1890 Section 24 defines the rights of partners (if delayed in their own agreement). Which of the following options is not included in section 24? 9. What kind of partnership does a partner have without restriction and is another partner responsible? 37. Which of the following are recorded in a partner company`s profit and loss usage account? (A) Capital interest (B) Partner salary (C) Transfer to reserve (D) Both.
What kind of agreement is used to form a partnership? 29. X, Y and Z are partners in a company. At the time of the sharing of the year`s profits, the partners argued. . Earnings before interest on the partner`s capital amounted to $6,000 and Y set an interest rate of 24% per annum on its $80,000 loan. There was no agreement on that. Calculate the amount to be paid for X, Y and Z. (A) 2,000 USD to each partner. (B) loss of $4400 for X and Z; Twill 14,800 Us-Euro. (C) $400 for A, $5,200 for country $400 for Z. (D) None of the above points. 3.
In the case of a partnership, a partner`s action is: (C.S. Foundation Dec. 2012) (A) Attachment to all partners (B) only to all partners except that specific partner (D) None of the 82 above. In a partnership company, on the first day of each month, a partner withdrew 5,000 euros per month for personal expenses. If interest is charged on subscriptions: 6% p.a. interest is calculated: (C.S. Foundation, Dec 2012) (A) 3,600 (B) 1,950 (C) 1,800 (D) 1,650 The maximum number of people who work legally in partnership: 1. To create a partnership deal, what should be the minimum number of partners? 9. What kind of partnership does a partner have without restriction and is another partner responsible? (a) Willingness to Partnership (b) Sponsorship Partnership (c) General Partnership (d) Specific Partnership Select the best alternative and give your answer with the answers at the end of the book: (i) Characteristics or characteristics of Partnership 1. The characteristics of a partnership company are: (A) Two or more people carry out joint operations as part of an agreement. (B) They share profits and losses in fixed proportion.
(C) Transactions are carried out by any or one of them as an agent. (D) All of the above points. 34. In the absence of an act of partnership, the partners share the profits or losses: (A) Relative to their capital (B) compared to that set by the court (C) in proportion to the time spent at 31.