Registration of partnership is ________.
A. optional under Indian partnership act
B. compulsory under the Indian partnership act
C. compulsory under the income tax act
D. compulsory under Indian contract act
Answer: Option A
Solution(By Examveda Team)
Registration of partnership is optional under Indian partnership act. Registration of partnership firm may be done at any time – before starting a business or anytime during the continuation of partnership.Related Questions on Business and Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
Join The Discussion