A. |
A minor can only be admitted to the benefits of an existing partnership with the consent of all the partners.
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B. |
A minor partner is not personally liable for the debts of the partnership firm.
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C. |
A minor is not liable to share the loss, if there is any
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D. | None of the above |
Option: D Explanation : Click on Discuss to view users comments. |
GAAP stands for?
A. | Generally Accepted Accounting Principles |
B. | General Annual Accounting Principles |
C. | General Accepted Accounting Practices. |
D. | None of the above |
Option: A Explanation : Click on Discuss to view users comments. |
A. | 1,2,3,4,5 |
B. | 2,1,4,5,3 |
C. | 2,1,3,4,5 |
D. | 1,2,4,5,3 |
Option: C Explanation : Click on Discuss to view users comments. |
A. | 1 and 2 |
B. | 2 and 3 |
C. | 1 and 3 |
D. | 1,2 and 3 |
Option: D Explanation : Click on Discuss to view users comments. |
A. | 1 and 2 |
B. | 2 and 3 |
C. | 1 and 3 |
D. | 1,2 and 3 |
Option: D Explanation : Click on Discuss to view users comments. |