Chapter Chosen

Accounting for partnership:basic concepts

Book Store

Download books and chapters from book store.
Currently only available for.

Previous Year Papers

Download the PDF Question Papers Free for off line practice and view the Solutions online.
Currently only available for.
Class 10 Class 12
What is the maximum number of members in a non-banking partnership?
  • 20
  • 10
  • 50
  • 70



Which of the following does not come under the category of a complete partner?
  • Nominal partner by holding out
  • Sleeping Partner
  • Active Partner
  • Secret Partner


Nominal partner by holding out

What is the liability of minor partner?
  • No liability
  • Unlimited Liability
  • Limited LIability
  • None of the above


Limited LIability

Name the partner, who neither contributes any capital nor takes active interest in the routine working of the firm, but only give his/her name for the goodwill of a partnership firm.
  • Nominal Partner
  • Sleeping Partner
  • Partner by Estoppel
  • Minimal Partner


Nominal Partner

Who issues certificate of registeration to a firm?
  • Central Government
  • State Government
  • Registrar of Firms
  • Municipal Corporation


Registrar of Firms