Doubtly
@Doubtly · Joined Feb 2021
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- A and B are partners sharing profits in the ratio of 4 : 3. They admitted C as a new partner who gets 1/5th (C) 13 :15:7 2
- A and B are partners in a firm sharing profits and losses in the ratio of 2 : 3. C is admitted for 1/5 share (D) 1 : 3 : 1 2
- A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C (B) 42 : 26 : 7 2
- A and B share profits in the ratio of 3 : 2. They agreed to admit C on the condition (C) 66 : 48 : 11 2
- A and B are partners sharing profits and losses in the ratio of 7 : 5. They agree to admit C, their manager, (A) 13 : 7 : 4 2
- B and N are partners in a firm sharing profits in the ratio of 3:2 (D) 26 : 19 : 15 2
- A and B share profits in the ratio of 2 : 1. C is admitted with 1/4 share in profits. C acquires 3/4 of his share from (B) 23 : 13 : 12 2
- X and Y are partners sharing profit in the ratio of 3 : 2. Z was admitted with 1/4 share in profits (B) 19 : 11 : 10 2
- liability of Partners is : (a) Limited (b) Unlimited (c) Determined by partnerships Account (d) None of these b) Unlimited 2
- The relation of partners with the firm is that of: (a) An owner (b) An Agent (c) An owner and an agent (d) Manager (c) An owner and an agent 2
- Interest on drawings of the Partners is a : (a) Loss to business (b) Profit to business 2
- Calculate interest on drawings @ 12% p.a. for Gambhir if he withdrew 7 2,000 once at the beginning of each month: (a) 7 1,560 correct is a 2
- Interest on Partner’s capital is : (a) An expenditure (b) An appropriation (c) A gain (d) None of these (b) An appropriation 2
- X, Y and Z are partners sharing profits and losses equally. Their capital balances on March Answer: (C) X — ₹1,00,000; Y — ₹75,000; Z — ₹50,000 The liability of partners in a partnership firm is unlimited. If the firm's assets are n... 1
- Which one of the following is NOT an essential feature of a partnership? (D) The business must be carried on by all the partners 2
- Liability of partner is : (A) Limited (B) Unlimited (C) Determined by Court (D) Determined by Partnership Act (B) Unlimited 2
- Number of partners in a partnership firm may be: (D) Maximum Fifty 2
- What should be the minimum number of persons to form a Partnership : (A) 2 (B) 7 (C) 10 (D) 20 (A) 2 option A is correct 2