CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Introduction to Death of Partner

Assertion :St...

Question

Assertion :Statement X: Partnership Firm is separate legal entity apart of its partners. Reason: Statement Y: A Partnership Firm can use the word "Limited" as a part of its name.

A

Both Statements are true

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Both Statements are false

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Statement X is true while Statement Y is false

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Statement Y is true while Statement X is false

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Both Statements are false
Option B is the correct answer.

Suggest Corrections

thumbs-up

0

Similar questions

Q. State with reasons whether the following statements are True or False.
In a partnership firm, the liability of partners is unlimited.

Q. Consider the following statements :
1.Sharing profits is a conclusive evidence of a partnership.
2.A partner of a partnership firm is treated as an agent of the other partners.
3.A third party cannot file a suit against as unregistered firm or its partners.
Which of the above statement/s is/are true?

Q. State true or false
Statement 1:

5 x + 6 = 0

is an algebraic expression.
Statement 2:

5 x + 6 = 0

is an algebraic equation.

Q. State whether the following statements are True or False:
(a) Registration of a partnership is legally compulsory.
(b) Limited partnership is not allowed in India.
(c) A partnership can take as many partners as it likes.
(d) A minor can become a partner.
(e) Partners may come and go but the partnership goes on forever.
(f) A person becomes a partner on his birth in the family.

Q. Consider the following statements :
1. It is compulsory to have a Partnership Deed.
2. It is compulsory for a partnership firm to get itself registered.
3. A partner of an unregister firm can file a suit for the dissolution of the firm.
Which of the above statement/s is/are not correct ?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Death of a Partner

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Introduction to Death of Partner

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon