Partnership is the relation which subsists between persons who have agreed to combine their property,
labour or skill in some business and to share the profits there from between them.
A ...........partner is one whose association with the firm is unknown to the general public.
It can continue as long as the partners want and is terminated when any partner gives a notice of
withdrawal from partnership to the firm.
It is optional for a partnership firm to get registered
Partnership firms in India are governed under the Partnership Act.............
As per Rule 10 of the Companies Act, what is the number of maximum partners in a firm?
Minors can be admitted to share only ...........of the firm
Tick all the types of partners in India
Partnership deed does not include the following
Who among the following partners does not contribute capital
Which are the partners who share profits and losses
Two construction firms joined together to complete building a flyover in Noida. What type of partnership have they formed?
...................... partnership in India has been granted after introduction of New Small Enterprise Policy in 1991
Tick the situations in which a partnership firm comes to an end
The existence of the limited liability partnership firm gets affected with the entry or exit of a partner
Liability of partners is unlimited in case of general partnership whereas it is limited in
case of Limited Liability Partnership.
Partnership firm is not legally required to publish its accounts and submit its reports. Which merit does this imply?
Decision is taken in partnership firm
Seema and Beena partnered together to provide food and clothing to the needy by collecting it from the neighbourhood. Can this be called a partnership firm
Minor has to give a public notice of his decision within ....... months of attaining majority