Accounts

3. if the partnership deed provides for payment of interest on capital of the partners then interest can be paid only out of what profit
9. salary or commission to a partner is what of profit
12. capital invested remains unaltered unless additional capital is introduced or if capital is withdrawn
13. which period method is used to calculate IOD when amount of drawings and time interval is uniform
15. having a written partnership deed is
16. members of a partnership firm

1. method is used to calculate interest on drawings when drawings is made in unequal amount at different dates
2. the written agreement among partners is called partnership ____
4. managers commission is what against profit
5. drawings against profit is debited to which account
6. in case of fluctuating capital interest on capital is ____ to partner’s capital
7. the liability of a partner according to Indian partnership act 1932
8. only one account is maintained for each partner in FCAM
10. relationship between partners is of principal and ____
11. in case of fixed capital partners will have what balance in their capital account
14. when there is no agreement the profit will be shared in what amount