The agreement among partners which set out the terms on which they had agreed to form a partnership is called:

Related MCQs

• Partnership is formed by the partners by:
• Liability of partners in a partnership business is:
• The written agreement of partnership is called:
• In the absence of an agreement profit and loss are divided by partners in the ratio of:
• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• If no provision is made in agreement regarding the duration of the partnership:
• 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:
• Loss on realization is distributed among partners:
• Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:
• The members of partnership firm are individually called as: