Question : Following are essential elements of a partnership firm except :-
Option 1: Atleast two persons
Option 2: There is an agreemenrt between all partners
Option 3: Equal share of profit and losses
Option 4: partnership agreement is for some business
Correct Answer: Equal share of profit and losses
Solution : Out of the given options, equal sharing of profit and losses is not the essential characteristic of a partnership firm. Hence, the correct option is 3.
Question : Following are essential Elements of a Partnership firm except:-
Question : Which of the following does not result in consideration of a firm?
Question : Features of a partnership firm are:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile