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Do you agree/disagree with the following statement: Partnership is an association of two or more persons. - Book Keeping and Accountancy

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प्रश्न

Do you agree/disagree with the following statement:

Partnership is an association of two or more persons.

विकल्प

  • Agree

  • Disagree

MCQ
सत्य या असत्य

उत्तर

I Agree with the given statement.

Explanation:

A partnership is an organization where there is an association of two or more persons coming together to carry on a business with a view to share the Profit or Losses of a firm.

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Partnership
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [पृष्ठ ५३]

APPEARS IN

बालभारती Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Introduction to Partnership and Partnership Final Accounts
Exercise 1.1 (Objective Questions) | Q I. G. 6) | पृष्ठ ५३

संबंधित प्रश्न

Write the word/phrase/term, which can substitute the following sentence.

Persons who form the partnership firm.


Write the word/phrase/term, which can substitute the following sentence.

Process of entering the name of a partnership firm in the register of Registrar.


Liabilities of Partners in Partnership firm is ______.


Answer in one sentence only.

How many partners are required to form a partnership firm?


Answer in one sentence only.

What is the minimum number of partners in a partnership firm according to Indian Partnership Act 1932?


What is the main objective of the Partnership Firm?


State any two characteristics of partnership form of business organization. 


To find out Net Profit or Net Loss of the business ............... account is prepared.


Which one of the following is correctly matched?


Consider the following statement and tick the appropriate answer

  1. The Vellore was held in 1801.
  2. The family members of Trippu were imprisoned at Vellore Fort after the Fourth Mysore war.
  3. At the time of vellore revolt, the governor of madas was lord william Bentinck.
  4. The victory of revolt of vellore against British was one of the significant event in the history of the india.

State whether the following statement is  are True or False with reasons :

A partnership firm is a Non-Trading Concern.


Registration of Partnership is ______ in India.


Completed the correlation:

Perfect competition: Free entry and exit:: ______: Barriers entry.


Answer in one sentence only:

What rate of interest is allowed on a partner’s loan in the absence of an agreement?


Particulars Amount (₹) Amount (₹) Particulars Amount (₹) Amount (₹)
To Opening stock   22,000 By Sales 3,80,000 3,56,000
To Purchases 1,90,000 1,83,600 Less : Sales Return 24,000
Less : Purchase Return 6,400 By Drawings   16000
To Wages   16,000 By Closing stock   36,000
To Royalties   11,000      
To Factory Rent   4,200      
To Manufacturing Expenses   8,400      
To Motive Powe   16,000      
To Freight   7,400      
To Gross Profit c/d   1,39,400      
(Balancing figure)          
    4,08,000     4,08,000

`int(x^3+4x^2-6x+5)/(x)dx`

`int(x^2+25)/(y^2+10+z)`

`(int(x^2+2x))/(int[(2,5),(10,56)]`

`(int(x^2+2x))/(int[(2,5),(10,56)]_(2xx5)`

`int_0^1  1/(sqrt(1+x ) +sqrt(x)) dx`

`int_0^1  (x^2+2)/(sqrt(x^2+1)/((a^2+b^2+c^2)/56)`

`int  (int_1^0 ((x^2+2)/sqrt(x^2+1)))/(int_0^1((a^2+b^2+c^2)/56)`

`[(2/2,-3/0,9),(6,0,-7),(x,-2,1/2)]`


State whether the following statement is True or False with reasons :

Partnership firm is a Non-Trading Concern.


Write the word/phrase/term, which can substitute the following sentence.

Process of entering the name of partnership firm in the register of Registrar.


Write the word/phrase/term, which can substitute the following sentence.

Partnership agreement in written form.


Write the word/phrase/term, which can substitute the following sentence.

Proportion in which partners share profits.


Answer in one sentence only:

What are the objectives of the Partnership firm?


Liability of partners in a partnership business is ______.


Answer in one sentence only:

What are the objectives of the Partnership firm?


Answer in one sentence only.

What are the objectives of the Partnership firm?


Answer in one sentence only:

What are the objectives of the Partnership firm? 


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