Advertisements
Advertisements
प्रश्न
Choose the appropriate alternative from the given options:
Mohit and Rohit were partners in a firm with capitals of ₹ 80,000 and ₹ 40,000 respectively. The firm earned a profit of ₹ 30,000 during the year. Mohit's share in the profit will be:
पर्याय
₹ 20,000
₹ 10,000
₹ 15,000
₹ 18,000
उत्तर
₹ 15,000
Explanation:
In the absence of a partnership deed, profits are to be shared equally among the partners. Therefore, Mohit’s share of profit will be ₹15,000 `("i"."e". 30,000 xx 1/2)`. Hence, the correct answer is ₹ 15,000.
APPEARS IN
संबंधित प्रश्न
Why it is considered desirable to make the partnership agreement in writing.
What are the partnership's chief characteristics? Explain.
Explain why it is considered better to make a partnership agreement in writing.
How will you deal with a change in the profit sharing ratio among existing partners?
Take imaginary figures to illustrate your answer?
Azad and Benny are equal partners. Their capitals are Rs 40,000 and Rs 80,000, respectively.After the accounts for the year have been prepared it is discovered that interest at 5% p.a. as provided in the partnership agreement, has not been credited to the capital accounts before distribution of profits. It is decided to make an adjustment entry at the beginning of the next year. Record the necessary journal entry.
Why it is considered desirable to make the partnership agreement in writing.
What is partnership? What are its chief characteristics? Explain.
Explain why it is considered better to make a partnership agreement in writing.
A and B are partners in the ratio of 3:2. C is admitted as a partner and he takes ¼th of his share from A. B gives 3/16 from his share to C. What is the share of C?
According to which Section of the Indian Partnership Act 1932 partnership is defined as the 'relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'?
What are the essential features of partnership are ______?
Liability of Partners of partnership firm is ______
Following are essential elements of a partnership firm except:
A, B and C are partners sharing profits in the ratio of 2 : 3 : 1. As per the partnership agreement, C is to get a minimum amount of ₹ 1,00,000 as her share of profits every year and any deficiency on this account is to be personally borne by B. The net profit for the year ended 31st March 2021 amounted to ₹ 3,00,000. What will be the amount of deficiency to be borne by B?
The Agreement of Partnership may be:
The maximum number of partners allowed in a partnership firm are ______.
Which of the following statements is not true?
What is partnership?