A. | It has no separate legal existence |
B. | It is managed by partners |
C. |
A partner can transfer his interest without the consent of other partners
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D. |
Acts of the partners are binding on the firm.
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Option: C Explanation : Click on Discuss to view users comments. |
A. | 1,2,4,3,5 |
B. | 5,2,1,3,4 |
C. | 5,1,2,4,3 |
D. | 5,2,1,4,3 |
Option: C Explanation : Click on Discuss to view users comments. |
A. | Last-in-first-out |
B. | First-in-first-out |
C. | Average cost |
D. | Base stock method |
Option: C Explanation : Click on Discuss to view users comments. |
A. | Consistency |
B. | Full disclosure |
C. | Conservatism |
D. | Materiality |
Option: C Explanation : Click on Discuss to view users comments. |
A. | a b c d I II III IV |
B. | a b c d I II IV III |
C. | a b c d II I III IV |
D. | a b c d II I IV III |
Option: D Explanation : Click on Discuss to view users comments. |