Question : Relationship between the partners is of

Option 1: Close relatives

Option 2: Agent and Principal

Option 3: Junior-senior relationship

Option 4: Senior-Subordinate relationship

Question : Relationship between the partners is of

Option 1: Close relatives

Option 2: Agent and Principal

Option 3: Junior-senior relationship

Option 4: Senior-Subordinate relationship

Question : At the time of admission of a new partner:

Option 1: Old partnership is dissolved 

Option 2: Old firm are dissolved 

Option 3: Both 1 and 2 

Option 4: None of the above 

Question : Comparison of values of one period with those of another firm for the same period is known as –

Option 1: Intra-firm comparison.

Option 2: Inter-firm comparison

Option 3: Either 1 and 2

Option 4:  None of the above 

Question : Comparison of values of one period with those of another firm for the same period is known as –

Option 1: Intra-firm comparison.

Option 2: Inter-firm comparison

Option 3: Either 1 and 2

Option 4:  None of the above