Fundamentals of...

A, B, and C were partners in a firm having no partnership agreement. A, B and C contributed ₹2,00,000, ₹3,00,000 and ₹1,00,000 respectively. A and B desire that the profits should be divided in the ratio of capital contribution. C does not agree to this. How will the dispute be settled? Who is correct?

If partners are running a business without a partnership deed how much interest on their capitals will be given?

From the following, what is important for a partnership?

Partners collectively are called :

Which Section of the Partnership Act defines Partnership as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all?

Mutual Agency implies:

What is the status of partnership from an accounting viewpoint

When liabilities of partners are unlimited that implies

Partnership is established by ___________

In the absence of Partnership deed profit sharing ratio will be:

Below are listed Content of partnership Deed except:

The persons who have entered into a partnership business with one another are individually called

The members of the partnership firm are called

From the following, identify a situation when fixed capitals of the partners may change?

If the partnership agreement is silent as to Interest on capital

It is better to have the agreement in writing to avoid any ___

Registration of partnership firm is _________-

Indian Partnership Act year is

Which of the following is not a content of partnership deed?

Partners have decided to provide jobs to the women of economically backward society. What values can be depicted from the decision of partners.