Have an account?
Number of partners in a partnership firm may be
Maximum one hundred
If the capital of a business is ₹ 5,00,000 and outside liabilities are ₹200,000. Calculate total assets of the business.
Amount which the proprietor has invested in a business is known as ......
Amount which the firm owes to outsiders is known as.....
Current Liabilities include:
All of the above
Assets held for continued use in the business and not meant for resale are termed as..........
.......... are those assets which have a physical existence and which can be seen or felt.
Amount withdrawn by the owner for personal use......
In the absence of partnerships deed profit will he shared
None of these
In the absence of an agreement, int. On capital is
Allowed at bank rate
Allowed @ 5%