| 1 |
A partner, who hasnot attained the age of majority is called. |
- A. Junior partner
- B. Minor partner
- C. Nominal patner
- D. Quasi Partner
|
| 2 |
A partner who is newly admitted to the firm with the consent of all the parties is called. |
- A. Salaried partner
- B. Incoming partner
- C. Junior partner
- D. Minor partner
|
| 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 |
The investment in partners capital accounts is to be credited to. |
- A. Partners capital accounts
- B. Profit and loss account
- C. Interest account
- D. None of these
|
| 5 |
Investment in partnership is made byintroducing. |
- A. Cash
- B. Non cash assets
- C. Cash or non cash assets
- D. None of these
|
| 6 |
In the absence of an agreement partners shall |
- A. Be paid salaries
- B. Not to be paid the salaries
- C. Be paid salaries by the consent of the pariners
- D. Be paid salaris to thos who worked for the firm
|
| 7 |
The persons who have entered in partnership are collctive called. |
- A. A firm
- B. Agents
- C. Partners
- D. Promoters
|
| 8 |
In partnership minimum limit of partners is. |
- A. Two (02)
- B. Five(5)
- C. Ten (10)
- D. Tweleve (12)
|
| 9 |
A partner who takes an active part in the managment of the firm is called. |
- A. Active partner
- B. Sleeping partner
- C. Norminal partner
- D. Quasi partner
|
| 10 |
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
|
