Answer Posted / jitu

if business is not that much large then this amt of five
lacs is a very large so it should be consider as loan given
to partner and certain percentage of interest should be
recovered from him, if business is very large and five lacs
is not having more impact on running of business it should
be considered as drawing of the partner and if interest on
draweing is not mentioned firm can not charge interest on
drawing same case in loan also but ya because of this
conflicts arise between partners and business go in to
liquidation.

what stock transfer applicable in sister concern unit.

1802

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when & how interest on unsecured loan is calculated?

1496

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In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

1935

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Tell us what is a cpa?

543

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in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.

1627

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What are the most important goals of accounts receivable?

655

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what is profit maximisation

1645

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please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.

4257

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What is the difference in accounting and marketing and what is so different about them?

628

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What is an accounting loss?

637

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Please explain the difference between provision and reserve?

583

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Define dual aspect term in accounting?

632

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What is meant by daily accrual and booking?

673

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What is tally and its features?

682

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I want to know the Payroll Accounting Questions

2222

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