
Ajay tiwari
Quiz
•
Other
•
12th Grade
•
Practice Problem
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Hard
Ajay tiwari
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which section of Indian partnership act 1932 , definition has been given ?
Section 3
Section 5
Section 4
Section 8
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Following are essential elements of a partnership firm except
At least two persons
There is an agreement between all partners
Equal share of profits and losses
Partnership agreement is for some business.At least two persons
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Restrictions is given about to maximum number of partner in Indian partnership act 2013 which section is ?
Section 564
Section 464
Section 365
Section 166
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In case, providing salary to partner his capital a/C will be ?
Decrease
Increase
No effect
Nothing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest on drawings always shown in side of profit and loss a/c
Debit
Credit
Debit/ credit
No any side
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In absence of partnership deed profit and loss ratio will be ?
Capital ratio
Giving ratio
Equal ratio
No distribution
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr, X is a partner in a firm. He provides loan to the firm 1,00,000 . He demands the interest @ 15% but it is not recorded in partnership deed . In case X will be get interest @ of
15%
Market rate
Demanding rate
6%
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