12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    Features of a partnership firm are:

    A) two or more persons are carrying common business under an agreement.

    B) they are sharing profits and losses in the fixed ratio.

    C) business is carried by all or any of them acting for all as an agent.

    D) All of the above                     

    Correct Answer: D

    Solution :

                       [d] All of the above


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