Question 1 :
A change in the nature of the business can only be brought about by the consent of ____________.

Question 4 :
______ is limited exposure to financial risk by investors of a company or a partnership.

Question 7 :
AB Associates is an unregistered firm. C a local bad element of the area caused damaged to the property of the firm to the extent of $Rs. 1000$. Which of these action are advice to the firm?

Question 8 :
A and B are partner in a firm with profit sharing ratio of 3:4, they admit C as a partner for $\dfrac {1}{4}$ share of profit. What would be  the sacrificing ratio of A and B

Question 9 :
An entry in the Register of firms can be made __________.

Question 10 :
$A$ and $B$ are two partners in a firm, as per the terms of agreement partners drawing will carry interest @$10$%. If $B$ has drawn funds from the business as per the details given below. Find the interest for the year ending 31.12.08.<br>1.04.08&nbsp; Rs. $10,000$<br>1.09.08&nbsp; Rs. $20,000$

Question 11 :
A court may dissolve a partnership firm in which of the following circumstances

Question 12 :
<span>Notice of intention to dissolve a partnership at will can be served by</span>

Question 13 :
Public notice in respect of partnership firm is required to be published in at least on vernacular newspaper circulated in the district where the firm to which relates, has its....

Question 14 :
Which of these particulars are not required to be mentioned in the application for registration of a firm :

Question 15 :
ABC are three partners sharing profit and loss equally. B retires from the firm and his share of profit was purchased by A and C in the ratio 2:1. Find the gaining ratio of A and C.

Question 16 :
<span>P&nbsp;and Q are two partners sharing profit and loss equally. P draws Rs. 2,000 at&nbsp;the end of each month for 6 months whereas O draw Rs 1,000 at the beginning of&nbsp;each month for six months. Assuming that interest on drawing is to be charged @ 6% p.a. Interest on drawing of P will be</span>

Question 17 :
X and Y are two partners in a firm, they admitted C as a third partner for $1_{/3}$ share of profit. On admission of new partner old partner noticed an unrecorded assets of Rs. $6,000$ and unrecorded liability of Rs. $2,000$ which they want to account for before admission of a new partner in the books of a/c. What entry will be made for this revaluation?

Question 18 :
ST Ltd. intends to revalue its good will on the basis of $3$ years purchase of weighted average of super profit of last four years. Estimate the goodwill of the firm.<br>Year $2011$ Profit Rs. $17,000$, year $2012$ Profit Rs. $15,000$<br>Year $2013$ Profit Rs. $16,000$, Year $2014$ profit Rs. $20,000$<br>

Question 19 :
Following are the essential elements of a partnership firm except _____________.

Question 20 :
A party with whom a partner has agreed to i profit is called...<br><br>

Question 21 :
Goods worth Rs.$5,000$ were purchased from P on $3$ months credit. P A/c will be shown under.....

Question 22 :
The partnership firm does not become an illegal association when _________.&#160;

Question 23 :
Registration of a partnership firm is deemed to be complete ..........

Question 24 :
A second truck was purchased for Rs. 75,000,&nbsp;Rs. 10,000 was spent on its repair and 2000 to get the truck registered in the name of the firm and Rs. 1000 as dealers commission. The capitalized value of truck will be..........<br><br>

Question 25 :
<span>XYZ&nbsp;are three partner sharing profit-and loss in the ratio of 3:2:1. The firm took&nbsp;Joint Life policy of Rs. 30,000 for X, Rs. 25,000 for Y and Rs. 18,000 for Z.&nbsp;What is the share of Z in the Joint life policy?</span>

Question 26 :
A and B are two partners in a partnership firm having capital Rs.10,000 and Rs.15,000. The firm intends to value its goodwill by capitalizing super profit of Rs. 12,500 @ 8%. Find the goodwill of the firm

Question 27 :
Persons who have entered into partnership with one another are individually known as _____________.