The maximum number of Partners which can be allowed as partners in a firm are…
A) 40
B) 20
C) 25
D) 30
Correct Answer:
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Q15: Patent Royalty is based in Sales of
Q16: Shortworking is Excess of Minimum Rent over
Q17: Royalty is Rs 44,000, Minimum rent Rs
Q18: Short working is a type of taxes
Q19: Recoupment is always necessary in royalties
A)True
B)False
C)none
D)all
Q20: A person who take property on lease
Q21: Royalty accounting is covered under Companies Act
Q22: Partnership firm is constituted under the….
A)indian partnership
Q24: The limit on the number of partners
Q25: In peicemeal distribution of cash, the first
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