Question

Do you agree/ disagree with the statement.

1. the Indian partnership act, came into existence in the year 1945.

2. receipts and payments A/C do not have any opening balance.

3. Change in the relationship between the partners is called as Reconstitution of partnership.

4. Debit balance of insolvent partners capital A/C is known as capital deficiency.

plz answer properly ​

Answer 1

Answer:

1.Yes

2.no

3.Yes

4.yes

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