Introduction to Partnership and Partnership Final Accounts 12th BK Chap 1 Digest Fill In The Blanks.

Maharashtra State Board Class 12 Textbook Solutions Answers Digest Maharashtra State Board 12th Commerce Book Keeping & Accountancy Solutions Digest | 12th BK Textbook Solutions Maharashtra State Board Std 12th Commerce Book Keeping & Accountancy Textbook Solutions Digest Book Keeping and Accountancy Class 12 Solutions | 12th BK Textbook Solutions 12th Commerce BK Chapter 1 Exercise Introduction to Partnership and Partnership Final Accounts Practical Problems Solutions Maharashtra Board Introduction to Partnership and Partnership Final Accounts 12th BK Commerce Chapter 1 Solutions Maharashtra Board Balbharti Maharashtra State Board 12th Commerce Book Keeping & Accountancy Solutions Chapter 1 Introduction to Partnership and Partnership Final Accounts Textbook Exercise Questions and Answers. Class 12 Commerce BK Chapter 1 Exercise Solutions I. Objective Questions: A. Select the most appropriate alternatives from the following and rewrite the sentences: Question 1. When there is no partnership agreement between partners, the division of profits takes place in ____________ ratio. (a) equal (b) capital ratio (c) initial contribution (d) experience and tenure of partners Answer: (a) equal Question 2. To find out Net Profit or Net Loss of the business ____________ Account is prepared. (a) Trading (b) Capital (c) Current (d) Profit & Loss Answer: (d) Profit & Loss Question 3. A ____________ is an Intangible Asset. (a) Goodwill (b) Stock (c) Cash (d) Furniture Answer: (a) Goodwill Question 4. In the absence of an agreement, interest on a loan advanced by the partner to the firm is allowed at the rate of ____________ (a) 5% (b) 6% (c) 10% (d) 9% Answer: (b) 6%