Class XII

Registration of partnership firm is _________-
  1. Optional
  2. Compulsory
  3. Under Companies Act 2013
  4. Not Allowed
Below are listed Content of partnership Deed except:
  1. Ratio in which profit or losses shall be share
  2. Name of the firm.
  3. Interest on Debentures
  4. Interest on Partners capital and drawings
The persons who have entered into a partnership business with one another are individually called
  1. Firm
  2. Partner
  3. Company
  4. Co-operatives
If partners are running a business without a partnership deed how much interest on their capitals will be given?
  1. 6% p.a. on capital
  2. 6% p.a. on capital
  3. 10 % p.a. on capital
  4. No interest on capital
Indian Partnership Act year is
  1. 1932
  2. 1933
  3. 1934
  4. 1935
Time Elapsed

HR : MIN : SEC
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