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- 1. Multiple Choice
Partnership business is regulated under
Company act 1956
Company act 2019
Partnership act 1932
Partnership act 1919
- 2. Multiple Choice
As per company act 2013,the maximum partners should be for other business is
20
100
10
50
- 3. Multiple Choice
In the absence of partnership deed,the profits of a firm are divided among the partners
In the ratio of capital
Equally
Both A and B
None of the above
- 4. Multiple Choice
In the absence of partnership deed,interest on loan of a partner is allowed
@8% p.a
@6%p.a
@12% p.a
None of the above
- 5. Multiple Choice
The written document containing terms and conditions of partnership is known as
Partnership contract
Agreement
Partnership deed
None of the above
- 6. Multiple Choice
Interest on capital is provided to partners, when
Capital are more than ₹5,00,000/-
When business earn more profit
Drawing are not made by partners
It is provided in the partnership deed
- 7. Multiple Choice
Minimum numbers of persons to carryout partnership business
2
3
4
5
- 8. Multiple Choice
As per partnership deed is given,calculate interest of capital @10% p.a ,capital amount is 10,000/-.
100
1000
2000
500
- 9. Multiple Choice
In the absence of partnership deed,a active partner who manage the business should be entitled to
A monthly salary
Half yearly salary
One year package salary
None of the above
- 10. Multiple Choice
Golden rule of book keeping,Dr.the reciever Cr. the giver
Nominal account
Personal account
Real account
None of the these.
- 11. Multiple Choice
Real account relate to
Credit account
Debit account
Asset account
Expenses ccount
- 12. Multiple Choice
Rule for nominal account, income and gains is
Debited
Credited
Debited as well as credited
Niether debited nor credited
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