Financial Accounting 2 MCQs
R
Q 41. For the firm interest on drawing is:
A
Q 42. Every partner has a right to be consulted in all matters affecting the business of:
S
Q 43. The agreement among partners which set out the terms on which they had agreed to form a partnership is called:
V
Q 44. A person who receives a share of profits from one of the regular partner is called:
R
Q 45. A person who declares by word of mouth as partner of the firm is called:
R
Q 46. If no provision is made in agreement regarding the duration of the partnership:
R
Q 47. The persons who have entered into a partnership business are individually called:
R
Q 48. The persons who have entered into a partnership business are individually called:
R
Q 49. When all partners are insolvent creditors will be:
V