Partnership Quiz Set 2
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Question 1 of 10
Any act or omission, to be an act of a firm, witnin the meaning of section 2(a) of the Indian Partnership Act, 1932 must be act or omission of
Correct
Correct Answer is (D)
Incorrect
Correct Answer is (D)
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Question 2 of 10
For the purposes of income-tax, a partnership firm
Correct
Correct Answer is (A)
Incorrect
Correct Answer is (A)
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Question 3 of 10
Which of the following is a valid partnership
Correct
Correct Answer is (A)
Incorrect
Correct Answer is (A)
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Question 4 of 10
Correct
Correct Answer is (C)
Incorrect
Correct Answer is (C)
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Question 5 of 10
Under section 9 of the Indian Partnership Act, 1932, in doing best for the common body
Correct
Correct Answer is (D)
Incorrect
Correct Answer is (D)
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Question 6 of 10
he rule eur majority contained in section 12(c) of the Indian Partnership Act, 1932 is applicable in
Correct
Correct Answer is (D)
Incorrect
Correct Answer is (D)
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Question 7 of 10
An agreement to carry on business in partnership in the future creates a partnership
Correct
Correct Answer is (C)
Incorrect
Correct Answer is (C)
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Question 8 of 10
Ordinarily, on the overdrawings by the partnersfrom the firm
Correct
Correct Answers is (A)
Incorrect
Correct Answers is (A)
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Question 9 of 10
When the property is purchased out of the partnership funds but in the name of an individual partner, it
Correct
Correct Answer is (C)
Incorrect
Correct Answer is (C)
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Question 10 of 10
Under section 14 of the Indian Partnership Act, 1932, goodwill of the business is
Correct
Correct Answer is (A)
Incorrect
Correct Answer is (A)