| 1 |
The persons who have entered in partnership are collctive called. |
- A. A firm
- B. Agents
- C. Partners
- D. Promoters
|
| 2 |
A paartner who have a major investment in the firm and receive a relatively more profit is called. |
- A. Sleeping partner
- B. Darment partner
- C. Senior partner
- D. Estoppels partner
|
| 3 |
Interest on drawing is debited to. |
- A. Partners capital accounts
- B. Profit and loss account
- C. Interest account
- D. None of these
|
| 4 |
A partner does not take an acitive partner is the managment firm is called. |
- A. Active partner
- B. Sinior partner
- C. Darment of sleeping partner
- D. Nominal partner
|
| 5 |
Current accoujts of the partners should be opened when the capital are. |
- A. Fixed
- B. Fluctuating
- C. Either fixed or fluctuating
- D. None of these
|
| 6 |
In case of banking business, the numerb of persons must not exceed. |
- A. Ten (10)
- B. Twenty (20)
- C. Tweinty five(25)
- D. Fifty (50)
|
| 7 |
Registraion of the firm. |
- A. It is legally necessary
- B. It is optional
- C. It depends on the will of the partners
- D. It depends uopon the will of theemployee
|
| 8 |
Investment in partnership is made byintroducing. |
- A. Cash
- B. Non cash assets
- C. Cash or non cash assets
- D. None of these
|
| 9 |
The owner of the partnership are called as. |
- A. Member
- B. Partners
- C. Share holder
- D. None of these
|
| 10 |
When the capitals of the partners arr not allowed to change during the life time of the business except in extra ordinary circumslancer then they are called. |
- A. Fluctuating capitals
- B. Fixed capitals
- C. Current capitals
- D. None of these
|
