11. In the absence of an agreement, profit and loss are divided by partners in the ratio of?
Correct!
Wrong!
12. Which of the following business publishes the Financial Statements?
Correct!
Wrong!
13. The amount of loan advanced by a partner to partnership is transferred to?
Correct!
Wrong!
14. Which of the following is not one of the three forms of business organization?
Correct!
Wrong!
15. When capital accounts are fixed, than all adjustments are made in?
Correct!
Wrong!
16. In the absence of an agreement, interest on drawings is to be charged by firm at the rate of?
Correct!
Wrong!
17. When capital is introduced by a partner, we should be credited to?
Correct!
Wrong!
18. Partnership agreement contains?
Correct!
Wrong!
19. Current accounts of the partners should be opened when the capital is?
Correct!
Wrong!
20. Which of the following is an artificial person recognized by law?
Correct!
Wrong!