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Standard XII
Accountancy
Introduction to Death of Partner
Goodwill of t...
Question
Goodwill of the business of a Partnership firm is the property of ___________.
A
partners
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B
partner who gave his property to firm
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C
partnership firm
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D
none of the above
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Solution
The correct option is
C
partnership firm
Option C is the correct answer.
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Similar questions
Q.
Good will of the business of a partnership firm is the property of _________.
Q.
Name the following:
1. A person who lends his name and goodwill for the benefits of a partnership film.
2. A person who contributes capital but does not take part in the business of the firm.
3. A document containing terms and conditions of partnership.
4. A partnership set up for a specific project
5. A person who contributes capital, participates in the business but whose identity is not disclosed to outsiders.
Q.
Which of the following is not the property of a partnership firm
Q.
Name the following:
(a) A person who lends his name and goodwill to benefit a partnership firm.
(b) A business organization with the least legal formalities.
(c) An organization where members associate together to promote mutual goals and welfare of consumers.
(d) A type of industry to which manufacturing battery operated cars, belongs to.
Q.
Write a word or a phrase or a term which can substitute each one of the following.
A partner who gave his name to partnership firm.
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