II B.Com PA Quiz-1 Partnership

II B.Com PA Quiz-1 Partnership

University

15 Qs

quiz-placeholder

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II B.Com PA Quiz-1 Partnership

II B.Com PA Quiz-1 Partnership

Assessment

Quiz

Arts

University

Hard

Created by

Shneha K

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Indian Partnership Act, 1932 defined Partnership under which section?

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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