Q166
Under section 14 of the Indian Partnership Act, 1932, the property thrown into the common stock at the commencement of the business
A.
Becomes the property of the firm
AnswerB.
Remains the individual property of the partners in the shares contributed by them
C.
Becomes the individual property of the partners in equal shares irrespective of their contributions and profit sharing ratio
D.
Either (A) or (C)
Answer: Option A
Solution
Answer: Option A
No explanation is given for this question Let's Discuss on Board