Partnership

Accounting

Medium

common

Partnership deed should be properly drafted and prepared as per the provisions of:

The 'Indian Partnership Act' and preferably registered with the Registrar of Firms.

The 'Stamp Act' and preferably registered with the Registrar of Firms.

The 'Companies Act' and preferably registered with the Registrar of Firms.

The 'Stamp Act' and preferably registered with the GST council.

✅ Correct Option: 2

A partnership deed is a written agreement executed on stamp paper, so it is drafted and stamped under the provisions of the Stamp Act. Registration is optional but advisable, and it is done with the Registrar of Firms under the Indian Partnership Act, 1932. The GST Council has no role in registering firms.

2022: 23 Aug Shift 2

Match List - I with List - II.

List - I	List - II
(A) Interest on loan	(I) Current Account
(B) Fixed capital	(II) Charge Against Profit
(C) Fluctuating capital	(III) Capital Account
(D) Interest on capital	(IV) Appropriation of Profit

Choose the correct answer from the options given below :

2025: 3 June Shift 2

Calculate interest on drawing if Ram withdrew Rs. 3,000 per month at the beginning of each month for the whole year, if interest on drawing is charged @ 9 % per annum.

2025: 3 June Shift 2

Which of the following is the feature of Fixed Capital Method in Partnership Accounts:-

2025: 15 May Shift 2

Which of the following are shown under capital account in case capital of partner's are fixed?

(A) Fresh capital introduced

(B) Permanent capital withdrawn

(D) Amount of capital brought down from the previous year

Choose the correct answer from the options given below:

2025: 27 May Shift 1

If the partnership deed is silent on interest on capital, then:

2025: 14 May Shift 1

In case partner's capital is fixed, then where interest on drawings charged will be shown?

Partnership deed should be properly drafted and prepared as per the provisions of:

Solution

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