2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

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

  • question_answer
    Each partner is both an agent and a principal as per:

    A) Written Agreement         

    B) Oral Agreement

    C) Mutual agency relationship

    D) Provisions of partnership deed

    Correct Answer: C

    Solution :

    Mutual agency relationship


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