Advertisements
Advertisements
Question
Answer in one sentence only.
How many partners are required to form a partnership firm?
Solution
Minimum two persons are required to form a partnership firm.
APPEARS IN
RELATED QUESTIONS
When there is no partnership agreement between partners, the division of Profits takes place in ________ ratio.
Registration of Partnership is _______ in India.
Answer in one sentence only.
What are the objectives of the Partnership Firm?
Do you agree/disagree with the following statement:
It is compulsory to have a partnership agreement in writing.
What is the main objective of the Partnership Firm?
State any two characteristics of partnership form of business organization.
Registration of Partnership is ______ in India.
To find out Net Profit or Net Loss of the business ............... account is prepared.
When there is no partnership agreement between partners, the division of Profits take place in ______ ratio.
Consider the following statements and tick the appropriate answer
- The Vellore revolt was held in 1801.
- The family members of Tippu were imprisoned at Vellore fort after the fourth Mysore war.
- At the time of Vellore revolt, the Governor of Madras was Lord William Bentinck.
- The victory of revolt of Vellore against British was one of the significant event in the history of India.
Find the odd one.
Write the word/phrase/term, which can substitute the following sentence.
Under this method, capital balances of partners remain constant.
State whether the following statement is True or False with reason:
A partnership firm is a Non-Trading Concern.
Liabilities of partners in partnership firm is ______.
ANALOGY
Knot in a thread : ______ friction :: Ball : ______ friction
Analogy
Knot in a thread : ______ friction; ball bearing : ______ friction.
Answer in one sentence only:
What is fluctuating capital?
Answer in one sentence only:
What rate of interest is allowed on a partner’s loan in the absence of an agreement?
Do you agree/disagree with the following statement.
When Partnership Deed is silent, Partners share profits of the firm according to capital ratio.
State whether the following statement is True or False with reasons.
Not for Profit Concerns do not have profit motive.
| 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 |
\[\begin{array}{cc}
\ce{O}\phantom{.........}\ce{O}\\
||\phantom{..........} ||\\
\phantom{..}\ce{H - C - CH3 - C -OH}\\
|\phantom{...........} |\\
\ce{H}\phantom{..........}\ce{H}
\end{array}\]
\[\begin{array}{cc}
\phantom{..}\ce{OH}\\
|\\
\phantom{..............}\ce{C - OH - CH3}\\
\phantom{.....}|\phantom{....} |\\
\phantom{. }\ce{H - O - H3}\\
|\phantom{.........} |\\
\phantom{........}\ce{CH3}\phantom{....}\ce{OH}\phantom{........}
\end{array}\]
\[\begin{array}{cc}
\phantom{.}\ce{H}\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{...}\ce{H}\\
|\ \phantom{....} |\ \phantom{....}|\ \phantom{....} |\ \phantom{...}|\\
\ce{H - C - C - C - C - C - H}\\
\phantom{.}|\ \phantom{....} |\ \phantom{....} |\ \phantom{....} |\ \phantom{....} |\\
\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{.....}\ce{H}\phantom{...}\ce{H}\phantom{....}\ce{H}\phantom{....}\\
\end{array}\]
\[\begin{array}{cc}
\phantom{.}\ce{H}\phantom{...} \ce{H}\phantom{...} \ce{H}\phantom{...} \ce{H}\phantom{..} \ce{H}\phantom{.} \\
|\ \phantom{...} |\ \phantom{...} |\ \phantom{...} |\ \phantom{...} |\\
\ce{H -C -C -C -C -C -H}\\
|\ \phantom{...} |\ \phantom{...} |\ \phantom{...} |\ \phantom{...} |\\
\phantom{.}\ce{H}\phantom{...} \ce{H}\phantom{..}\ce{H}\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{.}
\end{array}\]
\[\begin{array}{cc}
\ce{O}\\
||\\
\ce{C}\\
/\phantom{...}\backslash\\
\ce{O}\phantom{....} \ce{O}
\end{array}\]
\[\begin{array}{cc}
\ce{R}\phantom{.......}\ce{R}\\
\backslash\phantom{.....}/\\
\ce{C = C}\\
/\phantom{.....}\backslash\\
\ce{\underset{cis -Alkene}{H\phantom{.......}H}}
\end{array}\]
State whether the following statement is True or False with reasons:
Partnership firm is a Non-Trading Concern.
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?
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?
Answer in one sentence only.
What are the objectives of the Partnership firm?
