Question

Which of these particulars are not required to be mentioned in the application for registration of a firm :

• A. Name and address of Chartered Accountant of the firm
• B. Date of joining of firm by each partner
• C. Duration of the firm
• D. Name of the places where the firm carries its business

Answer 1

The correct option is A Name and address of Chartered Accountant of the firm

Application for registration of a firm requires the details with respect to partners and the partnership firm only and not the Chartered Accountants of the partnership firm.

Hence, details as to name, address, profit sharing ratio, interest on capital, interest on drawings, etc are to be disclosed in the application.