2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    Which of the following is correct?

    A) Two firms cannot form a partnership

    B) Business cannot be carried on by one partner

    C) Written agreement is required to form a partnership

    D) Sharing of Profits/losses is not necessary

    Correct Answer: A

    Solution :

    Two firms cannot form a partnership


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