Question : When is the partnership Act enforced?
Option 1: When there is no partnership deed
Option 2: When there is a partnership deed
Option 3: When capital contribution by partner varies
Option 4: None of these
Correct Answer: When there is no partnership deed
Solution : The Indian partnership act, 1932 is inforced in the absence of the partnership deed. Hence, the correct option is 1.
Question : Current Account of the partners should be opened when capital are:
Question : What balance does a partner's capital account have, in case of fluctuating capital?
Question : The interest on Partner's Capital Accounts is to be credited to
Question : The balance of partner's Capital Accounts, in case of fixed capital method, are:
Question : Interest on partner's drawings is credited to:
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