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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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Question

Do you agree/disagree with the following statement:

Partnership is an association of two or more persons.

Options

  • Agree

  • Disagree

MCQ
True or False

Solution

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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Chapter 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [Page 53]

APPEARS IN

Balbharati Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 1 Introduction to Partnership and Partnership Final Accounts
Exercise 1.1 (Objective Questions) | Q I. G. 6) | Page 53

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