AdminHelpdice Team30 May, 2024Which one of the following is NOT an essential feature of a partnership?Select Option & Check AnswerThere must be an agreementThere must be a businessThe business must be carried on for profitsThe business must be carried on by all the partnersCheck AnswerIncorrect. ❌Related MCQ's A partner draws Rs.2,000 each on 1st April 2018, 1st July 2018, 1st October, 2018 and 1st January 2019. For the yea...Wed, 26 NovIf date of drawings of the partner's is not given in the title:ion, interest is charged for how much time...Wed, 26 NovWhich accounts are opened when the capitals are fixed?...Wed, 26 NovIn a partnership firm, partner A is entitled a monthly salary of Rs.7,500. At the end of the year, firm earned a pr...Wed, 26 NovIn the absence of Partnership Deed, the interest is allowed on partner's capital...Wed, 26 NovPartnership agreement can be...Wed, 26 NovInterest on partners capital will be allowed only when...Wed, 26 NovInterest on drawings charges to keep control on...Wed, 26 NovP and Q sharing profits in the ratio of 2: 1 have fixed capitals of Rs.90,000 and Rs.60,000 respectively. After clo...Wed, 26 NovWhich accounts are opened when the capitals are fluctuating?...Wed, 26 Nov
