Class XII

Partners collectively are called :
  1. Firm’s name
  2. Company
  3. Business
  4. Firm
Which of the following is not a content of partnership deed?
  1. Interest on Drawings
  2. Interest on Capital
  3. Interest on Partner’s Loan
  4. Interest on Bank Loan
Indian Partnership Act year is
  1. 1932
  2. 1933
  3. 1934
  4. 1935
Below are listed Content of partnership Deed except:
  1. Ratio in which profit or losses shall be share
  2. Name of the firm.
  3. Interest on Debentures
  4. Interest on Partners capital and drawings
Registration of partnership firm is _________-
  1. Optional
  2. Compulsory
  3. Under Companies Act 2013
  4. Not Allowed
Time Elapsed

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