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Home Questions V8QA96ZUWW
Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Partnership

Question:

Which one of the following is mentioned in partnership deed?

Options:

Treatment of loss arising out of insolvency of one or more partner

Mode of auditor's appointment

Both option 1 and 2

None of these

Correct Answer:

Both option 1 and 2

Explanation:

Option 1- Treatment of loss arising out of insolvency of one or more partner
Option 2 - Mode of auditor's appointment
Both are mentioned in partnership deed in the contents of deed.

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