As per Partnership Act, which of these rights are available to a partner ——

Related MCQs

• If a fixed amount is withdrawn on the first day of every month of calendar year by a partner in partnership firm, then for what period the interest on the total amount of drawings will be calculated?
• In absence of LLP agreement the mutual rights of partners and the relation to LLP will be determined as per schedule _of LLP Act 2008
• As per the Companies Act, 1956 which of these are allowed to create secret reserves in their books of account
• These are the reserves created only to strengthen the financial position or the business and to keep the funds available for any future contingency or expenditure that may be required:
• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• A is entitled to 10% partner‘s commission before charging such commission. Find the commission payable to A if the net profit before charging such commission amounted to ` 60,000
• ` 8,000 is spent of travelling expenses of the partner to a foreign trip for purchased of an asset to be used for the business is a/an —
• The amount of goodwill is paid by new partner : Sol:
• Partnership firm is constituted under the….
• A Limited Liability Partnership has ________