Match the following:

List-I List-II

a. Partnership can be formed for the purpose of carrying . . . . . . . . 1. incoming partner

b. Guaranteed profit is generally given to . . . . . . . . 2. business

c. Every partner is a joint . . . . . . . . of the partnership property. 3. nominal

d. Partners, who do not contribute any capital and have no interest in the business are known as . . . . . . . . partners. 4. owner

A) a-2, b-1, c-4, d-3 B) a-2, b-4, c-1, d-3 C) a-4, b-3, c-2, d-1 D) a-4, b-1, c-2, d-3

Answer & Solution

Correct Answer: Option A

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List-I	List-II
a. Partnership can be formed for the purpose of carrying . . . . . . . .	1. incoming partner
b. Guaranteed profit is generally given to . . . . . . . .	2. business
c. Every partner is a joint . . . . . . . . of the partnership property.	3. nominal
d. Partners, who do not contribute any capital and have no interest in the business are known as . . . . . . . . partners.	4. owner