All partners are responsible for the debts of a business. This is the feature of:

Partnership will prepare an extra account after the profit and loss account. This account is:

Each member of partnership has an account other than capital. This is:

Another name of partnership deed.

A capital account has:

Two sole traders agree to amalgamate their business without registering their amalgamation. This is:

Name of the account which shows the net profit/loss shared between partners.

Interest on loan account is transferred to:

Each partner has an account in nominal ledger. This account is known as:

The amount of balance, after the interest on capital and partners salaries are deducted is known as: