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Commerce · Q2283

Accounting

Graduate and Post Graduate · Commerce · question 2283

Q2283

Which one of the following statements is not true?

A.
In the absence of partnership deed profit and loss is distributed among partners in equal ratio
B.
Minor partner can get his share of profit
C.
The relation between partners are created through deed
D.
Registration of partnership is compulsory
Answer

Answer: Option D

Solution

Answer: Option D
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