The limit on the number of partners is indirectly placed by…

Related MCQs

• From the following details what will be the partners‘ commission? Net profit before charging partners‘ commission `65,000. Partners‘ commission @ 11% after charging such commission
• From the following details what will be the partners‘ commission? Net profit before charging partners‘ commission `65,000. Partners‘ commission 11% before charging such commission
• The maximum number of Partners which can be allowed as partners in a firm are…
• AB are two partners in a firm, as per the terms of agreement partners drawing will carry interest @ 10%. If A has drawn funds from business as per the details given below. Find the interest for the year ended 31.12.2012 01.04.2012 ` 20,000 01.06.2012 ` 10,000 01.09.2012 ` 20,000
• rights/ Duties of partners are governed by_______________
• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• When there is a change in the current partners’ association that results in ending the existing agreement and initiate a formation of a new agreement is known as Sol:
• At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to:
• At least of the designated partners of every limited liability partnership shall be a resident in India.
• If there is conversion of private limited company into LLP all the of the company must become partners in the LLP and no one else