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
    Following are the essential elements of a partnership firm except:

    A) Minimum two partners

    B) There is an agreement between all partners

    C) Equal share of profits and losses

    D) Relationship of Agent and Principal

    Correct Answer: C

    Solution :

    Equal share of profits and losses


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