| 1 |
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
|
| 2 |
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
|
| 3 |
Investment in partnership is made byintroducing. |
- A. Cash
- B. Non cash assets
- C. Cash or non cash assets
- D. None of these
|
| 4 |
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
|
| 5 |
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
|
| 6 |
In the absence of an agreemetn, interest on loan advanced by the partner to the firm is allowd at the rate of. |
- A. 5 persent
- B. 6 persent
- C. 8 persent
- D. 9 persent
|
| 7 |
In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of. |
- A. Capitals
- B. Profit and loss ratios
- C. Equality
- D. Time devoted by each partner
|
| 8 |
A paatner who invests capital inthe business but does not take active part in the conduct of the business is called. |
- A. Active partner
- B. Sleeping partner
- C. Secrete partner
- D. None of these
|
| 9 |
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
|
| 10 |
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
|
