Home / MCQ Bank / Commerce
Commerce Accounting Difficulty: Medium

In the absence of any contract to the contrary, profit on dissolution of a partnership firm is credited to the partner's capital accounts:

Select the correct option to test your answer:

More Commerce Questions

What is common between nomination and assignment? If the selling price is fixed at 25% above the cost, the gross profit ratio is In a land lease, if title does not pass at the end of a lease to the lessee, it is normally treated as An audit which is compulsory by the law is . . . . . . . . When a party to a contract fails to perform a contract within the fixed time, then: