Teaching Accountancy Partnership Accounts Question Bank MCQ - Partnership Accounts

  • question_answer
    Match the following
    List I List II
    A. Partnership can be formed for that purpose of carrying....... 1. Incoming partner
    B. Guaranteed profit is generally given to....... 2. business
    C. Every partner is a joint ......of the partnership property. 3. nominal
    D. Partners, who do not contribute any capital and have no interest in the business are known as..... partners 4. owner
    Codes

    A)          A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3

    B)         A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3

    C)         A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1

    D)         A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3

    Correct Answer: A


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