Tag: registration of partnership firm

Questions Related to registration of partnership firm

The relationship of partnership arises out of ________________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. an agreement

  2. statue

  3. operation of law

  4. both an agreement and statue

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Correct Option: A

Which of the following is NOT required to be maintained in the partnership deed? 

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. Age of partners

  2. Name of partners

  3. Address of partners

  4. Firm name

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Correct Option: A

The written agreement of partnership is called ___________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. partnership deed

  2. article of association

  3. memorandum of association

  4. certificate of incorporation

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Correct Option: A

Registration of partnership is ________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. Compulsory

  2. Not compulsory

  3. Compulsory if its turnover exceeds specified amount

  4. Compulsory if it is liable to tax audit under the Income Tax Law.

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Correct Option: B

If the partnership agreement is in __________ it is known as a "Partnership Deed".

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. Verbal

  2. Written

  3. Implied

  4. Verbal, written or implied

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Correct Option: B

Which of the following is not the requirement in Partnership deed?

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. Capital contribution by each partner

  2. Profit sharing

  3. Total assets of the partner

  4. Method of dissolution

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Correct Option: D

Which of the following is essential of partnership deed?

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. It should be made legally

  2. It should be enforceable

  3. It should be a written agreement between two or more persons

  4. It should be forbidden by law

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Correct Option: C

Partnership Deed is also called as ______.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. partnership document

  2. articles of partnership

  3. both of these

  4. none of the above.

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Correct Option: B

Which of the following purpose is a form in which all the Partners are signed?

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. Pronote

  2. Partnership Deed

  3. MOA

  4. None

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Correct Option: B

In the absence of partnership deed partners are entitled to ________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. salary

  2. interest on loan

  3. Interest on capital

  4. share of profits in capital ratio

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Correct Option: B