Question

1. Partner's salary is debited to........
2. Partnership may be..............
3. Liability of a partner is.............
4. Partnership deed is also called.........
5. Making of partnership agreement is........
6. Partnership agreement can be.........

Answer 1

1. Profit & loss appropriation account.

2. limited, unlimited and at will.

3. limited to capital.

4. compulsory .

5. Oral or written.