Question

Fill in the blanks with appropriate word given in bracket.
i. It is _______ (not necessary, necessary) to get the partnership firm
registered.
ii. The partnership firm is a ________________(flexible, rigid) form of
business organization.
iii. In partnership, business risk is ______ (shared, not shared) by all the
partners.
iv. Partnership is a/an ________ (group, individual) effort.
v. LLP act was framed in the year________. (2008, 2010)

Answer 1

Answer:

i)necessary

ii)flexible

iii)shared

iv)2008