Question 2 :
If current accounts are not being managed for a partnership firm then partners are maintaining _______________ accounts.

Question 3 :
The relationship between persons who have agreed to share the profit of a business carried on by all or any of them acting for all is know as.

Question 5 :
Assertion: The auditor of a partnership firm is appointed under a contract with firm but not under any statute. Reason: The firm can also appoint him to act as an accountant for preparation of accounts.

Question 8 :
The balance in the investments Fluctuation Fund, after meeting the loss on revaluation of investment at the time of admission of a partner will be transferred to _____________ .

Question 9 :
Under _______ there have been made rules regarding the dissolution of him.

Question 12 :
Persons who have entered  into partnership with one another are called individually "______________" and collectively "_____________",and the name under which their business is carried on is called the "_____________".

Question 14 :
Choose the correct answer from the alternatives given.<br>Which one is correct

Question 15 :
Partners are supposed to pay interest on drawing only when provided by the ______________.

Question 16 :
If there is no partnership deed then interest on capital will be changed at p.a.______.

Question 17 :
Partners can share profits or losses in their Capital ratio, when there is no agreement.

Question 20 :
A change in the nature of the business can only be brought about by the consent of ____________.

Question 21 :
Which of the following is correct in respect of partnership accounts?<br/>1. In the absence of any provision in the partnership agreement to the contrary partners can charge interest at 6% p.a. on loans given by them to the partnership firm.<br/>2.&#160;An ordinary partnership firm can have not more than 50 partners<br/>3.&#160;A banking partnership firm can have not more than 50 partners<br/>4.&#160;In the absence of an agreed ratio in the agreement, partners will share profits and losses in the ratio their capitals.<br/>Select the correct answer using the codes given below.

Question 23 :
Interest on capital will be paid to the partners if provided for in the agreement but only from following _______________.

Question 24 :
The estate of a deceased partner is liable for any act of the firm done after his death.