Question : Who among the following cannot be a partners firm?
Option 1: Minor
Option 2: Person of unsound mind
Option 3: Person disqualified by law
Option 4: All of these
Correct Answer: All of these
Solution : Following are the persons who can not be the partner in a firm: 1. minor, 2. person of unsound mind, 3. person disqualified by law. Hence, the correct option is 4.
Question : Loss incurred by a partnership firm at the end of accounting year is distributed among
Question : Current Account of the partners should be opened when capital are:
Question : The relationship of partners with the firm is:
Question : The relation of a partner with the firm is that of:
Question : In the absence of an agreement, partners are entitled to:
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