Indian Partnership Act, 1932 defined Partnership under which section?

II B.Com PA Quiz-1 Partnership

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Arts
•
University
•
Hard
Shneha K
FREE Resource
15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Section 2
Section 32
Section 4
Section 5
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Features of a partnership firm are
Two or more persons are carrying common business under an agreement.
They are sharing profits and losses in the fixed ratio.
Business is carried by all or any of them acting to or all as an agent.
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The document or the instrument, containing the agreement between partners, is known as
Partnership Deed
Partnership Act
Memorandum of Association
Articles of Association
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the absence of partnership deed partner share profit and loss in
Ratio of Capital Employed
Equal ratio
2:1
1:1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Number of partners in a partnership firm may be :
Maximum Two
Maximum Ten
Maximum One Hundred
Maximum Fifty
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The relation of partner with the firm is that of:
An Owner
An Agent
An Owner and an Agent
Manager
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not the clause of the Partnership Deed?
Business can be carried on by all or any of the partner’s acting for all.
Commencement of business.
Rights & Duties of Partner
None of the above
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