Partnership is formed by the partners by:

Related MCQs

• Liability of partners in a partnership business is:
• The agreement among partners which set out the terms on which they had agreed to form a partnership is called:
• In the absence of an agreement profit and loss are divided by partners in the ratio of:
• Current accounts of the partners should be opened when the capitals are:
• Capital of the partners are maintained by:
• Drawings of the partners are:
• A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• Partners equity is effected due to:
• If all the partners, but one are insolvent it is: