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Partnership Firm is a trading concern. - Book Keeping and Accountancy

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प्रश्न

Partnership Firm is a trading concern.

विकल्प

  • Agree

  • Disagree

MCQ
सत्य या असत्य

उत्तर

Agree with the given statement.

Explanation:

A partnership firm is a trading concern as it is formed with the objective of carrying out business and earning profits. In a partnership, two or more individuals come together to conduct business activities, share profits, and bear losses as per the agreed ratio. Since trading concerns are those engaged in buying and selling goods or services for profit, a partnership firm qualifies as one.

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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. 4) | पृष्ठ ५३

संबंधित प्रश्न

Liability of partners in a partnership business is ________.


Maximum number of Partners in a firm are ______ according to Companies Act 2013.


Liabilities of Partners in Partnership firm is ______.


Do you agree/disagree with the following statement:

Partnership is an association of two or more persons.


Registration of Partnership is ______ in India.


Consider the following statements and tick the appropriate answer

  1. The Vellore revolt was held in 1801.
  2. The family members of Tippu were imprisoned at Vellore fort after the fourth Mysore war.
  3.  At the time of Vellore revolt, the Governor of Madras was Lord William Bentinck.
  4. The victory of revolt  of Vellore against British was one of the significant event  in the history of India.

Find  the odd one.


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.

Find the odd one.


Registration of Partnership is ______ in India.


Registration of Partnership is ______ in India.


Answer in one sentence only: 

What is fluctuating capital?


Match the following.

Coloum I Coloum II
a) Static friction Viscoity
b) Kinetic friction Least friction
c) Rollong friction Objects are in motion
d) Friction between the liquid layers Objects are sliding
e) Siding friction Objects are at rest

\[\ce{\underset{(acid)}{\underset{Methane}{6CH4}} +2O2->[1773K]2H - \underset{(base)}{\underset{Ethyne}{C≡C}} -H +2CO2 +10H2}\]

\[\ce{CH3 \underset{sulfate}{\underset{Ethyl hydrogen}{-CH2 -OS}}O3H->[H -OH][\Delta]H2SO4}\]

\[\begin{array}{cc}
\ce{H}\\
|\\
\ce{H-C-H}\\
|\\
\ce{H}\\
\end{array}\]

\[\begin{array}{cc}
\phantom{.........}\ce{CH3}\\
\phantom{......}|\\
\ce{CH2=C}\\
\phantom{......}|\\
\phantom{.........}\ce{CH3}\\
\end{array}\]

\[\begin{array}{cc}
\ce{CI}\\
|\\
\phantom{,,,,,,,,}\ce{CI-C-CI+H-CI}\\
|\\
\ce{CI}

\end{array}\]

\[\begin{array}{cc}
\phantom{.}\ce{CH3}\\
|\phantom{..}\\
\ce{\underset{2-Methylpropane}{H3C -CH -}CH3}
\end{array}\]


\[\begin{array}{cc}
\ce{O}\phantom{.........}\ce{O}\\
||\phantom{..........} ||\\
\phantom{..}\ce{H - C - CH3 - C -OH}\\
|\phantom{...........} |\\
\ce{H}\phantom{..........}\ce{H}
\end{array}\]

\[\begin{array}{cc}
\phantom{..}\ce{OH}\\
|\\
\phantom{..............}\ce{C - OH - CH3}\\
\phantom{.....}|\phantom{....} |\\
\phantom{.  }\ce{H - O - H3}\\
|\phantom{.........} |\\
\phantom{........}\ce{CH3}\phantom{....}\ce{OH}\phantom{........}
\end{array}\]

 

\[\begin{array}{cc}
\phantom{.}\ce{H}\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{...}\ce{H}\\
|\ \phantom{....} |\ \phantom{....}|\ \phantom{....} |\ \phantom{...}|\\
\ce{H - C - C - C - C - C - H}\\
\phantom{.}|\ \phantom{....} |\ \phantom{....} |\ \phantom{....} |\ \phantom{....} |\\
\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{.....}\ce{H}\phantom{...}\ce{H}\phantom{....}\ce{H}\phantom{....}\\
\end{array}\]


\[\begin{array}{cc}
\phantom{.}\ce{H}\phantom{...}  \ce{H}\phantom{...} \ce{H}\phantom{...} \ce{H}\phantom{..} \ce{H}\phantom{.} \\
|\ \phantom{...} |\ \phantom{...} |\ \phantom{...} |\ \phantom{...} |\\
\ce{H -C -C -C -C -C -H}\\
|\ \phantom{...}  |\ \phantom{...}  |\ \phantom{...}  |\ \phantom{...}  |\\
\phantom{.}\ce{H}\phantom{...} \ce{H}\phantom{..}\ce{H}\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{.}
\end{array}\]

\[\begin{array}{cc}
\ce{O}\\
||\\
\ce{C}\\
/\phantom{...}\backslash\\
\ce{O}\phantom{....} \ce{O}
\end{array}\]

\[\begin{array}{cc}
\ce{R}\phantom{.......}\ce{R}\\
\backslash\phantom{.....}/\\
\ce{C = C}\\
/\phantom{.....}\backslash\\
\ce{\underset{cis -Alkene}{H\phantom{.......}H}}

\end{array}\]


Answer in one sentence only.

What are the objectives of the Partnership firm?


The liability of partners in a partnership business is ______.


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

Partnership agreement in written form.


The Indian Partnership Act is in force since ______.


Find odd one


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 is fluctuating capital?


Answer in one sentence only:

What are the objectives of the Partnership firm?


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