The persons who entered into partnership are collectively known as _____________

Product method can be used in all situations as an alternative to ____________

Period of interest refers to the period from the date of drawings to the closing date of the __________

Interest on capital is to be calculated on the capitals at the beginning for the ____________

The rate of interest on capital is generally agreed by the partners and is mentioned in the _________

All the transactions between the partner and the firm are recorded in the _________

Which of the following method, the capital of the partners is not altered and it remains generally fixed?

Amount invested by partners in the partnership business is called __________

Capital account balance of the sole proprietor alone as shown in the balance sheet of ________

The balance in the appropriation account is transferred to the partner's capital account in the ________

In sole proprietorship, the profit or loss in the profit and loss account is transferred directly to the sole proprietor's ___________

The maximum number of partners in a partnership firm is ________

In India, partnership firms are governed by the Indian partnership Act ___________

The profit or loss arising from the partnership business is shared by the partners in the ___________

The name under which the business of a firm is carried on is called the ____________