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Question
Match the following items:
| (i) | Partnership deed | (a) | 50 |
| (ii) | Maximum number of partners | (b) | 6% p.a. |
| (iii) | Interest on partners' loan | (c) | a statement |
| (iv) | Balance Sheet | (d) | Written agreement |
Match the Columns
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Solution
| (i) | Partnership deed | (d) | Written agreement |
| (ii) | Maximum number of partners | (a) | 50 |
| (iii) | Interest on partners' loan | (b) | 6% p.a. |
| (iv) | Balance Sheet | (c) | a statement |
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Chapter 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [Page 1.147]
