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Question 1 of 10
1. Question
Name the agreement which sets out the terms and conditions for running the
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Question 2 of 10
2. Question
In which account the balance of profit and loss account is transferred in partnerÂ
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Question 3 of 10
3. Question
What is maximum number of members in partnership ?
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Question 4 of 10
4. Question
Whether registration of partnership is compulsory or optional ?
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Question 5 of 10
5. Question
The persons who have entered into a partnership with one another are collectively called
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Question 6 of 10
6. Question
In which system the current account is prepared ?
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Question 7 of 10
7. Question
The capital withdrawn by partners for personal use is termed by which name ?
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Question 8 of 10
8. Question
When does the firm pays interest on partner’s capital ?
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Question 9 of 10
9. Question
In fixed capital method along with capital a/c which a/c is also prepared ?
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Question 10 of 10
10. Question
In the absence of partnership deed What is the ratio of interest on loan given by the partners ?
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