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WorksheetsPartnership
Total questions: 9
Worksheet time: 5mins
Name
Class
Date
1.
The liability of each partner is limited
a)
True
b)
false
2.
The Name under which partnership business is carried is also called as ........
a)
Company Name
b)
Firm name
3.
Partnership frim is jointly owned by the partners
a)
True
b)
False
4.
The partners agree to share their .... in certain proportions
a)
Only Profits
b)
Profits and losses
5.
Persons who have entered in partnership agreement with one another are individually , called as ......
a)
Partner
b)
Friends
6.
The maximum number permitted for partnership frim are 50
a)
True
b)
False
7.
How many minimum persons are required for partnersrhip frim
a)
Two
b)
Four
8.
The firm can dissolved at any time when the partners agree to do ?
a)
true
b)
false
9.
The agreement between the partners is only oral?
a)
true
b)
false
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