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When commission is allowed to any partner, it is________ of the business. - Book Keeping and Accountancy

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प्रश्न

When commission is allowed to any partner, it is________ of the business.

रिक्त स्थान भरें

उत्तर

When commission is allowed to any partner, it is expenditure of the business.

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Provision of the Indian Partnership Act 1932
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [पृष्ठ ५२]

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बालभारती Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Introduction to Partnership and Partnership Final Accounts
Exercise 1.1 (Objective Questions) | Q I. E. 19) | पृष्ठ ५२

संबंधित प्रश्न

The Indian Partnership Act is in force since ______.


In the absence of an agreement, interest on loan advanced by the partner to the firm is allowed at the rate of ______.


The Indian Partnership Act is in force since _______.


Write the word/phrase/term, which can substitute the following sentence.

An association of two or more persons according to the Indian partnership Act 1932.


Write the word/phrase/term, which can substitute the following sentence.

Act under which partnership firms are regulated.


Answer in one sentence only.

In the absence of Partnership Deed, what is the rate of interest on loan advanced by partner to the firm is allowed?


Do you agree/disagree with the following statement:

An interest on capital is an expenditure for the partnership firm.


Do you agree/disagree with the following statement:

Partners are entitled to get Salary or Commission.


Write the word/phrase/term, which can substitute the following sentence.

Amount of cash or goods withdrawn by partners from the business from time to time.


Write the word/phrase/term, which can substitute the following sentence.

An association of two or more persons according to Indian partnership Act 1932.


Under Perfect competition, sellers are

  1. Price makers 
  2. Price takers
  3. Price discriminators 
  4. None of these

Write the word/phrase/term, which can substitute the following sentence.

Act under which partnership firms are regulated.


In the absence of an agreement, interest on the loan advanced by the partner to the firm is allowed at the rate of ______.


The Indian Partnership act is in force since ______.


The balance of the capital account of retired partner is transferred to his ______ account if it is not paid.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


The Indian Partnership act is in force since ______.


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