| 1 |
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
|
| 2 |
The agreement among the partners which sets out the term is which they have agreed to form a partnership is called. |
- A. Partnership deed
- B. Aribtrartio clause
- C. Partnership at will
- D. None of these
|
| 3 |
Capital of the partners are maintained under. |
- A. Fixed capital method
- B. Fluctuating method
- C. By any two of the above
- D. None of the above
|
| 4 |
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)
|
| 5 |
A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called. |
- A. Senior partner
- B. Junior partner
- C. quast partner
- D. Nominal patner
|
| 6 |
For the firm, interest on drawing is. |
- A. Expense
- B. Income
- C. Liability
- D. None of these
|
| 7 |
Partnership is formed by the partners. |
- A. Written agreement
- B. Mutual consent
- C. Verbal agreement
- D. None of these
|
| 8 |
Investment in partnership is made byintroducing. |
- A. Cash
- B. Non cash assets
- C. Cash or non cash assets
- D. None of these
|
| 9 |
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
|
| 10 |
A partner, who hasnot attained the age of majority is called. |
- A. Junior partner
- B. Minor partner
- C. Nominal patner
- D. Quasi Partner
|
