MyQuestionIcon

1

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

Adjustment in Partner's Capital A/c

Which of the ...

Question

Which of the following is not the property of a partnership firm

A

Goodwill of the firm

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

B

Ancestral property of a partner

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

C

Property purchased by or for the firm

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

D

All rights, liabilities originally brought into the stock of the firm

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

Open in App

Solution

The correct option is B Ancestral property of a partner
Option B is the correct answer.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Goodwill of the business of a Partnership firm is the property of ___________.

Q. Which of the following is not covered by the term "Property of the firm".

Q. Good will of the business of a partnership firm is the property of _________.

Q. When business of partnership is sold to a new firm, the liabilities not taken over by the new firm should be:

Q. In a partnership, there is liability and creditors can recover losses from the parters' personal property.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Let’s Settle

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Adjustment in Partner's Capital A/c

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon