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MCQ TALLY - ACCOUNTING MASTERS IN TALLY ERP9 MCQ Questions
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Question No. -
21
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Maximum number of partners in a partnership firm can be ________
Maximum number of partners in a partnership firm can be ________
A.
50
50
B.
20
20
C.
100
100
D.
no limit
no limit
Question No. -
22
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When there is no partnership deed then provisions of partnership act ________ willbe applicable.
When there is no partnership deed then provisions of partnership act ________ willbe applicable.
A.
1956
1956
B.
1912
1912
C.
1932
1932
D.
1949
1949
Question No. -
23
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Liability of a partner in LLP is ________
Liability of a partner in LLP is ________
A.
limited
limited
B.
unlimited
unlimited
C.
not defined in the law
not defined in the law
D.
limited to the capital only
limited to the capital only
Question No. -
24
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Provisions of Table _______ are applicable in the absence of partnership deed.
Provisions of Table _______ are applicable in the absence of partnership deed.
A.
A
A
B.
B
B
C.
C
C
D.
D
D
Question No. -
25
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In the absence of any provision interest on capital will be calculated for _________
In the absence of any provision interest on capital will be calculated for _________
A.
6 months
6 months
B.
1 year
1 year
C.
1 month
1 month
D.
no interest
no interest
Question No. -
26
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Minimum number of partners in a partnership are ________
Minimum number of partners in a partnership are ________
A.
5
5
B.
7
7
C.
2
2
D.
10
10
Question No. -
27
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Maximum number of partners in a normal partnership are ________
Maximum number of partners in a normal partnership are ________
A.
5
5
B.
7
7
C.
2
2
D.
20
20
Question No. -
28
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Maximum number of partners in a banking partnership are _________
Maximum number of partners in a banking partnership are _________
A.
5
5
B.
7
7
C.
2
2
D.
10
10
Question No. -
29
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Current accounts are opened if capital is __________
Current accounts are opened if capital is __________
A.
fixed
fixed
B.
fluctuating
fluctuating
C.
not contributed
not contributed
D.
fixed or fluctuating
fixed or fluctuating
Question No. -
30
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Balance of capital (fix) accounts may be _________
Balance of capital (fix) accounts may be _________
A.
Dr.
Dr.
B.
Cr.
Cr.
C.
Dr. or Cr.
Dr. or Cr.
D.
Cr. and Dr.
Cr. and Dr.
1
2
3
4
5
6
7
8
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