1. What is the other name for Partnership Deed?

2. In a Partnership Firm forming a partnership deed is ____?

3. Partnership Act 1932 does not comprise of which of the following?

4. What is a General Partnership?

5. Nandini, Shreya and Ujjwal are partners in a firm. At the time of the division of profit for the year, there was a dispute between the partners. Profit before interest on partner’s capital was Rs. 6,000 and Shreya determined interest @24% Per Annum on her loan of Rs. 80,000. There was no agreement on this point. Calculate the amount payable to Nandini, Shreya and Ujjwal respectively.

6. At what per cent the interest is levied on partners' capital in the absence of partnership deed?

7. What is Particular Partnership?

8. What is a partner in profits only?

9. Agreement in which form is required in a partnership firm?

10. What is the accepted rate of interest on a partner's loan account in the absence of a partnership deed in a partnership firm?

11. What will be the extent of liability if Prince, Rijule and Krishan are partners in a firm sharing profits and losses in an equal ratio. Their capital balance as of 31^st March 2022 is ₹ 80,000, ₹ 60,000 and ₹ 40,000 respectively. Their assets are worth ₹ 20,000, ₹ 15,000, ₹ 10,000.

12. Simran and Aditi are partners in a partnership firm in the absence of any written agreement. Simran devotes more time to the firm as compared to Aditi. So, Simran will receive what percentage of commission in addition to the profit in the firm's profit?

13. How will the profits be divided among partners in the absence of a partnership deed?

14. Partners of a partnership firm are not entitled to which of the following in the absence of partnership deed?

15. What is an Active Partner?

16. What is a minor partner?

17. In which sort of partnership does one accomplice has limitless risk and another accomplice have a restricted obligation?

18. Partners in a firm will get Interest on Capital if provided in the partnership deed but only out of which account?

19. Balance of loan account should be transferred to which account if any loan or advance is provided by a partner?

20. The agreement for the duration of partnership is absent in what kind of partnership?

21. Which of the following rule applies to the partnership firm in the absence of a partnership deed?

22. When is the Debit to partner's capital a/c entry passed in accounts?

23. What is a Nominal Partner?

24. What is partner by estoppel?

25. What is the minimum partner requirement to start a partnership firm?