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Standard XII
Accountancy
Introduction to Partnership
In which of t...
Question
In which of the following, the Partnership duration is not fixed?
A
Particular Partnership
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B
Partnership at will
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C
Fixed term Partnership
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D
None of these.
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Solution
The correct option is
D
Partnership at will
Option B is the correct answer.
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Similar questions
Q.
A partnership for which no period or duration is fixed, under the Indian Partnership Act, 1932 is known as ________.
Q.
A partnership is deemed to be a partnership at will when.
1
. No fixed period has been agreed upon for the duration of partnership.
2
. There is no provision made as to the determination of partnership in any other way.
Select the correct answer from the options given.
Q.
A partnership at will is one:
1. Duration not fixed
2. Duration fixed
3. Dissolved at any time
4. Can be dissolved only on the happening of an event.
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There is no provision in the partnership deed regarding the duration of the partnership. This is _______.
Q.
In partnership under fixed capital account method, which of the following account is opened?
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