CUET Accountancy - By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'. | PYQs + Solutions

CUET Accountancy 2025 24 May Shift 1

Partnership

Easy

common

Section 1

Section 4

Section 2

Section 3

✅ Correct Option: 2

Related questions:

22 May Shift 2

For distribution of profits among the partners, the following account is debited to the partners:

31 May Shift 1

Which combination of statements is true about partnership-

(A) Valid partnership can be formulated even without a written agreement between the partners.

(B) Methods of settlement of disputes among the partners can't be part of the partnership deed.

(D) Each partner carrying on the business is the principal as well as the agent for all the other partners.

Choose the correct answer from the options given below:

2 June Shift 2

In the absence of partnership deed, interest on drawings is charged at.

CUET Accountancy 2025 24 May Shift 1 PYQs