When there is a change in the current partners’ association that results in ending the existing
agreement and initiate a formation of a new agreement is known as
Sol:

Related MCQs

• From the following details what will be the partners‘ commission? Net profit before charging partners‘ commission `65,000. Partners‘ commission @ 11% after charging such commission
• From the following details what will be the partners‘ commission? Net profit before charging partners‘ commission `65,000. Partners‘ commission 11% before charging such commission
• AB are two partners in a firm, as per the terms of agreement partners drawing will carry interest @ 10%. If A has drawn funds from business as per the details given below. Find the interest for the year ended 31.12.2012 01.04.2012 ` 20,000 01.06.2012 ` 10,000 01.09.2012 ` 20,000
• The maximum number of Partners which can be allowed as partners in a firm are…
• When an existing company offers its shares for sale to the existing shareholders, it is known as
• When an existing company offers it shares for sale to the existing shareholders, it is known as
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• If there is conversion of private limited company into LLP all the of the company must become partners in the LLP and no one else
• At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to:
• An office equipment is purchased on 1.1.12 for `1,10,000 having working life of 4 years at the end of which it is expected to have a scrap value of `10,000. Find the difference in depreciation as per Sum of years digit methods and reducing balance method (25% WDV) for the year ending on 31st December 12