This Is A Sample Quiz For True And False
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Question 1 of 16
1. Question
Partnership is an agreement between partners to share profit
CorrectIncorrect -
Question 2 of 16
2. Question
Partnership, a partner can transfer his interest in favour of any other partner without the consent of all other partners
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Question 3 of 16
3. Question
In absence of partnership deed neither interest is paid on capital nor charged interest on drawing
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Question 4 of 16
4. Question
The liability of each partner in partnership is limited
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Question 5 of 16
5. Question
In case of insolvency of a partner the deficiency of his capital is borne by all other partners
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Question 6 of 16
6. Question
Current account is opened in fluctuating capital method
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Question 7 of 16
7. Question
Without any written agreement among the partners, a legal partnership can be formed
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Question 8 of 16
8. Question
If the deed is silent on interest, then interest on partner’s loan will be paid @ 12% pa
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Question 9 of 16
9. Question
Without Any written Agreement among the partners , a legal partnership can be formed
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Question 10 of 16
10. Question
Maximum numbers of members in a banking firm may be 20
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Question 11 of 16
11. Question
If the deed is silent on interest, then interest on partner’s drawings will be charged @ 6% рa
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Question 12 of 16
12. Question
Every partner in the firm beside hitaking active part in the firm also work as an agent of the other partners
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Question 13 of 16
13. Question
Disputes among the partners will not be solved as per the provisions of the partner- ship deed
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Question 14 of 16
14. Question
The partnership act 1932 is applicable in partnership firm
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Question 15 of 16
15. Question
Change in partnership deed is termed as re-constitution of partnership firm
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Question 16 of 16
16. Question
Partnership agreement is always in writing
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