11th Class Principles of Commerce Chapter 4 Partnership Short Question Preparation


11th Class Principles of Commerce

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11th Class Principles of Commerce Chapter Wise Preparation

Online Short Questions For Chapter 4 "11th Class Principle of Commerce Chapter 4 Short Questions Preparation "

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Principle of Commerce (English Medium) - 11th Class Principle of Commerce Chapter 4 Short Questions Preparation

Question # 1

How does the distributiion of assets take place after the dissolutionof partnership.

  • Ans 1: When the legal entity of partnership business comes to an end then all assets of the firm are sold and realized amont is divided according to following methods.
  • Ans 2: 1- Firstly the debts of the outsides are paid.
  • Ans 3: 2- After this, the invested capital of the partners is paid
  • Ans 4: 3- After this if any amoutn remains intaact then it is distributed amog the partners accoriding to their profit sharing ratio.
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Prepare Complete Set Wise Questions For Chapter 4 "11th Class Principle of Commerce Chapter 4 Short Questions Preparation "

11th Class Principle of Commerce Chapter 4 Short Questions Preparation - Set 1

Question # 1

How does the distributiion of assets take place after the dissolutionof partnership.

  • Ans 1: When the legal entity of partnership business comes to an end then all assets of the firm are sold and realized amont is divided according to following methods.
  • Ans 2: 1- Firstly the debts of the outsides are paid.
  • Ans 3: 2- After this, the invested capital of the partners is paid
  • Ans 4: 3- After this if any amoutn remains intaact then it is distributed amog the partners accoriding to their profit sharing ratio.
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11th Class Principle of Commerce Chapter 4 Short Questions Preparation - Set 2

Question # 1

What is meant by nominal partner.

  • Ans 1: Nominal partner is a partner who neither invvest capital nor shares the profit or loss of the firm. He also does and participate in the managment of a firm. A firm only uses the name and good reputationof this partners.
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11th Class Principles of Commerce Chapter 4 Short Questions Preparation

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