1. Which of the following type of the business is governed under the partnership Act 1932?
Correct!
Wrong!
2. The relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all is called?
Correct!
Wrong!
3. When capital is introduced by a partner, we should be debited to?
Correct!
Wrong!
4. Which of the following forms of business organization can be privately owned?
Correct!
Wrong!
5. The document sets out the terms on which partners agreed to form a partnership is called?
Correct!
Wrong!
6. Which of the following statements is not true about the partnership form of business?
Correct!
Wrong!
7. Which of the following forms of business has the advantage of simplicity?
Correct!
Wrong!
8. Which of the following forms of business organization can be publicly-traded?
Correct!
Wrong!
9. The partnership form of business organization?
Correct!
Wrong!
10. Which of the following forms of business would result in the termination of the business if the ownership changes?
Correct!
Wrong!