Question 1 :
A change in the nature of the business can only be brought about by the consent of ____________.

Question 3 :
The relationship between persons who have agreed to share the profit of a business carried on by all or any of them acting for all is know as.

Question 4 :
If there is no partnership deed then interest on capital will be changed at p.a.______.

Question 5 :
Interest on capital will be paid to the partners if provided for in the agreement but only from following _______________.

Question 6 :
Partners are supposed to pay interest on drawing only when provided by the ______________.

Question 8 :
Under _______ there have been made rules regarding the dissolution of him.

Question 15 :
If current accounts are not being managed for a partnership firm then partners are maintaining _______________ accounts.

Question 16 :
Interest on capital is given from profit and loss appropriation account to a partner __________________.

Question 17 :
The difference between the guaranteed profit and actual share of profit is borne by ________.

Question 19 :
At the time of dissolution which payment will be made in priority ?<br/><br/>

Question 20 :
In the case of loss to any party caused by a partner due to negligence or tort the loss shall be borne by ___________________.

Question 22 :
A and B are Partners sharing profits in the ratio of 3:2 with capitals of Rs. 50,000 and Rs. 30,000 respectively. Interest on capital is agreed @ 6% p.a. B is to be allowed an annual salary of Rs. 2,500. During 2016, the profits of the year prior to calculation of interest on capital but after charging B's salary amounted to Rs. 12,500. Calculate the amount of profits to be distributed to A and B after the above effect.

Question 23 :
Ram and Mohan, are partners. They Draw for private use Rs. 6,000 and Rs. 4000 respectively. Interest is chargeable @ 6% per annum on drawings. What is the interest?

Question 24 :
If any partner has advanced some money to the firm beyond the amount of his capital for the purpose of business, he shall be entitled to get an interest on the amount at the rate of _____ percent per annum.