Investment in partnership is made by introducing:
A) cash
B) none - cash assets
C) cash or non - cash assets
D) none of these.
Correct Answer:
Verified
Q13: The balance of branch adjustment account is
Q14: An ordinary partnership business can have:
A)not more
Q15: In the absence of an agreement profit
Q16: In the absence of an agreement, Interest
Q17: Current accounts of the partners should be
Q19: Any partner who investments in the business
Q20: The written agreement of partnership is called:
A)partnership
Q21: Under fixed capital methods, profit will be
Q22: The members of partnership firm are individually
Q23: Liability of partners in a partnership business
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