1.
Partners' current accounts are opened when the capitals are:
2.
Interest on partners' loan is always paid at the rate of:
3.
In the absence of agreement, profits are divided by partners in the ratio of:
4.
The interest on partners’ capital accounts is to be credited to
5.
In the absence of an agreement, partners shall
6.
Interest on capital is calculated on the:
7.
When interest is to be allowed on the capitals of the partners, it is calculated on the
8.
In the absence of an agreement, interest on loan advanced by a partner to the firm is allowed at the rate of
9.
In the absence of an agreement profit and losses are divided by partners in the ratio of
10.
Current accounts of the partners should be opened when the capitals are
11.
In the absence of an agreement to the contrary, the partners
12.
Where a partner is entitled to interest on capital subscribed by him, such interest will be payable.
13.
When dates of withdrawals are not mentioned, interest on drawings is charged for:
14.
The current account of a partner
15.
In the absence of agreement, partners are not entitled to receive:
