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Which one of the following is not an essential feature of a partnership? - Accounts

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प्रश्न

Which one of the following is not an essential feature of a partnership?

विकल्प

  • There must be an agreement.

  • There must be a business.

  • The business must be carried on for profits.

  • The business must be carried on by all the partners.

MCQ
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उत्तर

The business must be carried on by all the partners.

Explanation:

In a partnership, it is not necessary for all partners to be involved in the daily operations or management of the business. Partners can choose to be active or sleeping partners, where the sleeping partners contribute capital but do not take part in the business management.

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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [पृष्ठ १.१७४]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q 11. | पृष्ठ १.१७४
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