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  • Question 1
    1 / -0

    A entered into partnership agreement with B, in which A makes an advance to the firm in addition of his capital to be contributed by him, after dissolution of firm _________.

  • Question 2
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    In case of sole proprietorship there is a _______ between _________.

  • Question 3
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    Which of the following are the essentials of partnership?

  • Question 4
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    Persons who have entered into partnership with one another are called individually __________________.

  • Question 5
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    The business started by a group of persons can be ________.

  • Question 6
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    In order that persons may become partners, it is essential that _________.
    I. There must be at least two persons
    II. There must be a relationship arising out of status between two or more persons.
    III. The agreement must be to share the profits of a business
    Select the correct answer from the options given:

  • Question 7
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    In which of the following case there is NO partnership?
    A. The members of a HUF carrying on a family business
    B. Burmese Buddhist Husband and wife carrying on business.
    Select the correct answer from the options given.

  • Question 8
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    Section $$5$$ of the Act states that the relation of partnership arises from ___________.

  • Question 9
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    Persons entering into partnership contract may be.
    $$(1)$$ Natural persons
    $$(2)$$ Artificial persons
    Select the correct answer from the options given:

  • Question 10
    1 / -0

    N and Z, the co-owners of a house, use the house as a hotel managed either by themselves or by a duly appointed manager for their common profit. Is there a partnership relation between the parties?

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