HomeTestsSearchRankProfile
easyMCQCUET Accountancy 2022 8 Aug Shift 22026Accountancy
1 mark

Which from the following is not a feature of a partnership firm?

  1. A
    Existence of Business
  2. B
    Sharing of profits
  3. C
    Free transfer of share
  4. D
    Unlimited liability

Solution & Step-by-step Explanation

In a partnership firm, a partner cannot transfer their share freely without the unanimous consent of all other partners.

Practice this question

Try it yourself before checking the explanation above.

Which from the following is not a feature of a partnership firm?
A
Existence of Business
B
Sharing of profits
C
Free transfer of share
D
Unlimited liability

Share This Question

PartnershipAccounting

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion