Question

1.The Indian Partnership Act is in force _ _ _ _ _ . *

1984
1932
1956
1881

2. The liability of the partners in a firm is _ _ _ _ _ . *

limited
unlimited
proportionate
zero

3. Maximum number of Partners in a firm are _ _ _ _ _ according to Companies Act 2013. *

25
10
50
20

4. The Gross Profit is transferred to _ _ _ _ _ Account. *

Capital
Current
Trading
Profit and Loss

5. Return outwards are deducted from _ _ _ _ _ . *

Sales
Capital
Debtors
Purchases

6. Prepaid expenses are shown on the _ _ _ _ _ side of Balance sheet. *

Cash
Debit
Liability
Assets

7. To find out Net Profit or Net Loss of the business _ _ _ _ _ Account is prepared. *

Capital
Current
Trading
Profit and Loss

8. The withdrawal by a partner for personal use from the firm is _ _ _ _ _ to his Account. *

debited
credited
added
set off

9. In the absence of an agreement interest on loan advanced by the partner to the firm is allowed at the rate of _ _ _ _ _ . *

5 %
10 %
9 %
6 %

10. Expenses which are paid before due date are called as _ _ _ _ _ . *

Prepaid Expenses
Outstanding Expenses
Liability
Income


please give me fast correct answer please don't give wrong answer please
12 comarce account​

Answer 1

Answer:

SOORYYYYYYYYYY

Explanation: