The written agreement of partnership is called: _______
(a) Partnership deed (b) Articles of association
(c) Memorandum of association (d) Certificate of incorporation
10. Under fixed capital methods, profit will be credited to: _______A/c.
(a) Capital (b) Drawings (c) Current (d) Profit & Loss
11. Partnership business in India is government by partnership Act of: ______.
(a) 1913 (b) 1932 (c) 1984 (d) 1928
12. The members of partnership firm are individually called as: ________
(a) Director (b) Investor (c) Partner (d) Manager
13. The object of partnership is to: _____
(a) Earn profit (b) Not to earn profit
(c) Welfare of membershalp
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Answer:
1.ans-a . partnership deed
2.c-ans -current ac
3.ans- partnership act 1932
4.ans-partner
5.ans.-is to earn profit
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