CUET Accountancy - Which of the following is not the feature of partnership: | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 2

Partnership

Easy

common

There should be at least two persons coming together for a common goal.

Partnership is the result of an agreement between two or more persons to do business and share its profits only.

The business of a partnership concern may be carried on by all the partners or any of them acting for all.

The business profits and losses are shared by all the partners as per profit sharing ratio

✅ Correct Option: 2

Related questions:

30 May Shift 2

Anupam and Abhishek are partners. Their capital accounts showed balances of Rs. 1,50,000 and Rs. 2,00,000 respectively on April 01, 2019. Show the interest on capital for the year ending march 31, 2020 allowed, if the partnership deed provides for interest on capital @ 8% p.a. and the firm earned a profit of Rs. 14,000 during the year:

26 May Shift 2

Which of the following is not always an essential feature of partnership?

4 June Shift 2

Match List-I with List-II

List-I	List-II
(A). Admission of a New Partner	(I). Realisation Account
(B). Retirement of a Partner	(II). Sacrificing Ratio
(C). Dissolution of Partnership	(III). Executors Account
(D). Death of A Partner	(IV). Revaluation of Assets and Liabilities

Choose the correct answer from the options given below:

CUET Accountancy 2025 3 June Shift 2 PYQs

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