Question

Q.1 Choose Correct Option Select:-
1. Makes Non-Profit Making Organizations-
a) Income Expense Account
by Profit Loss Account
c) Business Account
d) Manufacturing Account
2. Receipt Payment Account Summary is -
a) Bank Account
b) Cash Book
c) Income Expense
d) Balance Sheet
3. Preparation of Partnership Deed-
a) Compulsory
b) Elective
c) Partially Compulsory
d) Unnecessary
4. Partnership Business Is Governed By Act-
a) Partnership Act 1930
b) Partnership Act1932
c) Companies Act 1956
d) Indian Contract Act 1932
5. Profit in Absence Of Partnership Deed The Division Takes place In
a) Capital Ratio
b) Sacrifice Ratio
c) Equal Ratio
d) Earning Ratio





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Answer 1

Answer:

1. b

2.b

3.c

4.b

5.c

Explanation:

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