Question
Which of the following can be included as a property of
the partnership firm?Solution
Indian Partnership Act  S. 14. THE PROPERTY OF THE FIRM. Subject to contract between the partners, the property of the firm includes all property and rights and interest in property originally brought into the stock of the firm, or acquired, by purchase or otherwise, by or for the firm for the purposes and in the course of the business of the firm, and includes also the goodwill of the business. Unless the contrary intention appears, property and rights and interest in property acquired with money belonging to the firm are deemed to have been acquired for the firm.
A CC account shows frequent excess drawings, decline in stock levels, delays in statutory payments and high turnover in sister concerns. These indicator...
A term loan of ₹70 crore is classified as Doubtful. Realisable value of primary security is ₹40 crore and collateral security is ₹10 crore. The ba...
What is a Private Placement?
Consider the following and select which of them forms a part of capital receipts for the GoI
I.<...
A company shows Profit after Tax ₹14 crore, Depreciation ₹10 crore, Increase in Working Capital ₹6 crore and Term Loan repayment due next year ₹...
How many directors can be appointed by small shareholders in a company?
A doubtful asset (D1) has secured portion of ₹40 crore and unsecured portion of ₹20 crore. The secured portion has remained doubtful for less than o...
A company reported net profit before tax of Rs.36,100. It has raised debt capital of Rs.250,000 through 13% debentures. What is the interest coverage ra...
An NPA account has outstanding of ₹50 crore. The realisable value of security is estimated at ₹30 crore. The borrower offers a one‑time settlement...
As per Ind AS 7, dividend received is shown under: