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easyMCQCUET Accountancy 2025 29 May Shift 22026Accountancy
1 mark

Identify which statement is FALSE-

  1. A
    In case of no written agreement between partners, a partnership can be started.
  2. B
    If a partnership deed does not exist, each partner will share profit in equal ratio.
  3. C
    In a partnership deed, the method of settlement of dispute among the partner cannot be included / mentioned.
  4. D
    Maximum number of partners in a Partnership Firm must not exceed 50.

Solution & Step-by-step Explanation

A Partnership Deed is a flexible document that outlines the internal working rules of a partnership. It can completely include and specify mechanisms for resolving disputes (like arbitration clauses). Therefore, saying it cannot be included is a false statement.

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Try it yourself before checking the explanation above.

Identify which statement is FALSE-
A
In case of no written agreement between partners, a partnership can be started.
B
If a partnership deed does not exist, each partner will share profit in equal ratio.
C
In a partnership deed, the method of settlement of dispute among the partner cannot be included / mentioned.
D
Maximum number of partners in a Partnership Firm must not exceed 50.

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