Question : Following are essential Elements of a Partnership firm except:-

Option 1: At least two Persons.

Option 2: There is an agreement between all partners.

Option 3: Equal share of Profit and loss.

Option 4: Partnership agreement is for some business.

Question : Following are essential Elements of a Partnership firm except:-

Option 1: At least two Persons.

Option 2: There is an agreement between all partners.

Option 3: Equal share of Profit and loss.

Option 4: Partnership agreement is for some business.

Question : Which of the following does not result in consideration of a firm?

Option 1: Dissolution of partnership firm

Option 2: Dissolution of partnership 

Option 3: Change  in profit sharing ratio of existing partners 

Option 4: Death of partners

Question : Features of a partnership firm are:

Option 1: Two or more persons are carrying common business under an agreement.

Option 2: They are sharing profit and losses in the fixed ratio.

Option 3: Business is carried by all and any of them acting for all as an agent.

Option 4: All of the above.

Question : Features of a partnership firm are:

Option 1: Two or more persons are carrying common business under an agreement.

Option 2: They are sharing profit and losses in the fixed ratio.

Option 3: Business is carried by all and any of them acting for all as an agent.

Option 4: All of the above.