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प्रश्न
When there is no partnership agreement between partners, the division of Profits takes place in ________ ratio.
पर्याय
Equal
capital ratio
initial contribution
experience and tenure of partner
उत्तर
When there is no partnership agreement between partners, the division of Profits takes place in equal ratio.
संबंधित प्रश्न
Write the word/phrase/term, which can substitute the following sentence.
Persons who form the partnership firm.
State whether the following statement is True or False with reasons.
Partnership firm is a Non-Trading Concern.
Answer in one sentence only.
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It is compulsory to have a partnership agreement in writing.
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Partnership business must be ______.
To find out Net Profit or Net Loss of the business ............... account is prepared.
The branch of economy that deals with the allocation of resources.
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A partnership firm is a Non-Trading Concern.
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The balance sheet is an Account.
Analogy
Knot in a thread : ______ friction; ball bearing : ______ friction.
Answer in one sentence only:
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Partnership Firm is a trading concern.
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When Partnership Deed is silent, Partners share profits of the firm according to capital ratio.
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The liability of partners in a partnership business is ______.
State whether the following statement is True or False with reasons:
Partnership firm is a Non-Trading Concern.
State whether the following statement is True or False with reasons:
Profit and Loss Account is a Real Account.
The Indian Partnership Act is in force since ______.
The Indian Partnership act is in force since ______.
What are the objectives of the Partnership firm?
The Indian Partnership act is in force since ______.
Answer in one sentence only:
What are the objectives of the Partnership firm?
The Indian Partnership act is in force since ______.
In the absence of an agreement, interest on loan advanced by the partner to the firm is allowed at the rate of ______.
Answer in one sentence only:
What are the objectives of the Partnership firm?
