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  • Question 1
    1 / -0

    The rate of interest prescribed under section 13, for when a partner advances money more than the amount of capital for the business of the partnership, is _____________.

  • Question 2
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    When a property is purchased from partnership funds in the name and for the benefit of a partner, the said property ______.

  • Question 3
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    Where a change occurs in the constitution of a firm and no new agreement is made __________________________.

  • Question 4
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    A partner can get remuneration from the firm only _______________________.

  • Question 5
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    $$X$$ a partner allowed his private property to be used for firms business. The property of $$X$$ 

  • Question 6
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    An agreement to carry on business in partnership in the future creates a partnership __________________.

  • Question 7
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    Goodwill of the partnership business is the property of the _______.

  • Question 8
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    X,Y and Z are three partners in firm, having capital Rs.100,000 , Rs.75,000 and Rs.50,000 respectively. During the years 2009-10 the firm made a profit of Rs.90,000. How the profit will be distributed amongst the three partners

  • Question 9
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    A partner has a right to indemnity for the acts done in _________________.

  • Question 10
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    The property of the firm includes all property________.

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