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Interest = ₹10,00,000 × 6% Interest = ₹60,000 So, the adjusting entry in the books of the partnership firm would be: Debit: Interest Expense [Interest on capital] & Credit: Partner’s capital account as the firm needs to pay partners so there is an increase in liability.
Which case gave a narrow interpretation to Art. 21 of the Constitution?
Section 6 of the limitation Act is related to:
Z's will contains these words: "I direct that all my remaining property be equally divided between 'A', 'B'& C."'A' dishonestly scratches out B's name, ...
The doctrine of estoppel is applied in
In the context of a contract for the sale of unascertained goods, when does the property in the goods transfer to the buyer?
Which of the following is not an interim measure that can be ordered by court in case of arbitration?
No attachment under a precept shall continue for more than_____
Sec 14 of limitation Act will have no application:
The members of the committee of creditors may meet ______________
The term Money-Laundering is defined under section________ of the Prevention of Money-Laundering Act, 2002
