Partnership Quizzes, Questions & Answers
Top Trending Quizzes
We have made this "Partnership And Corporation Quiz" for you. This exam is for the SPS in OIS students of ACLC Taytay. If you are putting effort into learning more about partnership and corporation or just simply want...
Questions: 15 | Attempts: 11444 | Last updated: Mar 22, 2023
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Sample QuestionA contract where two or more persons bind themselves to contribute money, property or industry to a common fund with the intention of dividing the profits among themselves.
Explore the landscape of business ownership in the United States through this quiz. It covers the characteristics, advantages, and disadvantages of sole proprietorships, partnerships, and corporations, highlighting the prevalence...
Questions: 6 | Attempts: 1556 | Last updated: Mar 21, 2023
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Sample QuestionWhat is the most common form of ownership in the United States?
This Partnership Accounts quiz assesses knowledge on goodwill calculation, capital contributions, profit sharing ratios, and hidden goodwill in partnerships. It is designed for learners to understand and apply accounting...
Questions: 163 | Attempts: 1317 | Last updated: Aug 24, 2023
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Sample Question(i) Actual average profit Rs. 72,000 (ii) Normal rate of return 10% (iii) Assets Rs. 9,70,000 (iv) Current Liabilities Rs. 4,00,000 Goodwill according to capitalization method will be
A partnership is a business entity formed by two or more people. The dissolution of a partnership, on the other hand, is the termination of the business. The quiz below tests your knowledge of the processes and requirements of...
Questions: 18 | Attempts: 926 | Last updated: Sep 3, 2023
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Sample QuestionOn dissolution the partnership is not terminated, but continues until the winding up of partnership affairs is completed.
Questions on :
1)Introduction and Definition of Partnership.
2)Test of Partnership and Non-Partnership Interests.
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Questions: 74 | Attempts: 4456 | Last updated: Mar 22, 2023
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Sample QuestionThe legal provisions relating to Partnerships are contained in
Recent Quizzes
A relationship is between two people who have love and admiration for each other as well as plans to be together in exclusiveness. Nothing goes so smoothly and relationships aren't exempted either. In fact, a good...
Questions: 10 | Attempts: 190 | Last updated: Mar 22, 2023
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Sample QuestionHow good should your sex life be?
Partnership is term used in describing the situation whereby two or more people coming together in achieving a common goal in places like work, business, firms and so on. The shortcuts in partnership is required for the sake of...
Questions: 10 | Attempts: 197 | Last updated: Mar 21, 2023
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Sample QuestionWhat is the name given to a partner who manages a business?
Are you working in a partnership or going to be a part of it? You should be aware of the Partnership Act. With this Partnership Act quiz, you can test your knowledge and see how well you understand the act and its...
Questions: 50 | Attempts: 526 | Last updated: Sep 6, 2023
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Sample QuestionThe liability of the partners in a firm is
Questions on :
1)Rights of Partners.
2)Duties of Partners.
3)Posting of a Minor Partner in a...
Questions: 45 | Attempts: 438 | Last updated: Mar 21, 2023
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Sample QuestionWhich of the following rights, cannot be claimed by a partner as matter of right?
Questions on :
1)Introduction and Procedure for Registration.
2)Change of Particulars after Registration of a Firm.
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Questions: 38 | Attempts: 113 | Last updated: Feb 26, 2024
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Sample QuestionRegistration of partnership firm with the Registrar of Firms, is _________
Explore the complexities of business partnerships through our trivia quiz! Delve into the recording methods for new partners, the implications of partner withdrawals, and the unique financial liabilities and benefits of...
Questions: 23 | Attempts: 786 | Last updated: Mar 22, 2023
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Sample QuestionCherryhill and Hace had been partners for several years, and they decided to admit Quincy to the partnership. The accountant for the partnership believed that the dissolved partnership and the newly formed partnership were two separate entities. What method would the accountant have used for recording the admission of Quincy to the partnership?
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