Partnership firm is constituted under the….

Related MCQs

• If a fixed amount is withdrawn on the first day of every month of calendar year by a partner in partnership firm, then for what period the interest on the total amount of drawings will be calculated?
• A Limited Liability Partnership has ________
• As per Partnership Act, which of these rights are available to a partner ——
• Joint Venture is a partnership —
• At least of the designated partners of every limited liability partnership shall be a resident in India.
•             is a person who is designated as such in the incorporation documents of the limited liability partnership agreement
• A firm has a policy of changing depreciation on Plant and Machinery @ 10% under WDV Method. If the book value of Plant and Machinery was ` 81,000 on 31.03.2013. Find the original cost of the plant if the same was purchased on 01.04.2011
• A business firm is separate and distinct from its owners is the assumption under which of the following accounting concepts:
• An ink-stand has been purchased by a firm for a nominal amount that is to last for 4 year. It should not be classified as a fixed asset under which of the following accounting principles:
• The maximum number of Partners which can be allowed as partners in a firm are…