Mcq on limited liability partnership
Web19 jul. 2024 · 5. In partnership firm, profits and losses are shared—-(A) Equally (B) In the ratio of capitals (C) As per Agreement (D) None of these. Answer- As per Agreement. 6. Which of the following is not the feature of partnership—-(A) Agreement (B) Sharing of Profit (C) Limited Liability (D) Two or more than two persons. Answer- Limited Liability. 7. WebLimited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016; Competition Act, 2002; Partnership Act, 1932; Chartered Accountants Act, 1949; Cost and Works Accountants Act; Company Secretaries Act, 1980; Societies Registration Act, 1860; Companies ( Donation to National Fund) Act, 1951; Accounting Standards; Other Circulars
Mcq on limited liability partnership
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WebLiability for debts is handled differently in partnerships than in proprietorships and corporations. INTRO TO MICROECONOMICS 143. In a partnership, liability is _____ and _____ partner can be held liable for the business’ entire debt. a. limited; neither b. limited; each c. high; all d. unlimited; each e. unlimited; neither WebQ.41:- Every partner of a limited liability partnership is, for the purpose of the business of the limited liability partnership: The agent of the limited liability …
Weba) Liability of the member is limited to the amount paid on the shares b) Liability of the member is limited to the amount, if any, unpaid on the shares c) Liability of the … Web3. Every Limited Liability Partnership as per the Limited Liability Partnership Act, 2008 shall have at least two Designated Partners (DPs) who are individuals and (a) at least one among them shall be resident in India (b) both of them shall belong to one family residing in India (c) both of them should be non-resident Indians (NRIs)
WebCL266 MCQ Answers all topics Company Law for Business. Limited Company Multiple Choice Questions PDF Download. ... June 20th, 2024 - MULTIPLE CHOICE QUESTIONS CHAPTERS 1 Limited liability Company D Partnership Company 4 The Trading and Profit and Loss account is also called Multiple Choice Pearson Education Web30 jun. 2024 · In accordance with ASC 323-30-25-1, investors in partnerships, unincorporated joint ventures, and limited liability companies (LLCs) should generally account for their investment using the equity method of accounting by analogy if the investor has the ability to exercise significant influence over the investee.However, there may be …
WebFind MCQs & Mock Test. JEE Main 2024 Test Series; NEET Test Series; Class 12 Chapterwise MCQ Test; Class 11 Chapterwise Practice Test; ... When was the The Limited Liability Partnership (LLP) Act, 2008 been notified? asked Feb 21 in Commerce by BhuwanMehta (56.5k points) hindu undivided family and partnership; class-11;
Web1 apr. 2024 · Accounting for Limited Liability Partnership MCQ. MCQs on other topics of Financial Accounting ; Cost Accounting MCQs pdf; 1. LLP should have minimum (a) 7 partners (b) 50 partners (c) 2 partners (d) 3 partners. 2. The maximum number of partners LLP can have is (a) 7 partners (b) 50 partners (c) 2 partners (d) No limit. 3. first national bank swan quarter ncWebMCQ on Limited Liability Partnership Act- Judiciary Mock Spread the love MCQ on Limited Liability Partnership Act- Judiciary DJS Mock Publication of name and limited liability is provided in section of LLP Act 2008 a Section 24 of LLP Act 2008 b Section 22 of LLP Act 2008 c Section 21of LLP Act 2008 d Section 23 of LLP Act 2008 Correct: C 2. first national bank swaziland postal addressWebThe full form of LLP is a Limited Liability partnership. LLP is a combination of a traditional block, and for instance, it offers the flexibility of a conventional partnership firm and the advantage of a company’s limited liability at a low compliance cost. In an LLP, participants can coordinate their internal strategies on the performance of ... first national bank sweetwater texasWebMcq Tradex Private Limited is a 3 years 8 months old Private Limited Indian Non-Government Company incorporated on 18 Jul 2024. Its registered office is in South Delhi, Delhi, India. The Company's status is Active. It's a company limited by shares having an authorized capital of Rs 10,000.00 and a paid-up capital of Rs 10,000.00 as per MCA. first national bank swellendamWeb5 sep. 2024 · (a)limited liability of shareholders. (b) more money for investment. (c) increased flexibility. (d)shared management. Answer Question 13. A_____________partner is an owner who has unlimited liability and is active in managing the firm: (a) senior partner. (b) general partner. (c) silent partner. (d) limited partner. Answer Question 14. first national bank swift codeWebb) The liability of each partner in an LLP is limited. c) Members of an LLP are taxed as partners. d) A limited company can convert to an LLP. Question 7 Which of the following is not a method of creating a company? a) A written agreement made by the directors. b) Registration under the Companies Act 2006. c) Act of Parliament. first national bank sweetwater txWeb18 jul. 2024 · Limited Liability Partnership (LLP) has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organisation.. The concept of the Limited Liability Partnership (LLP) was introduced in India in 2008. An LLP has the characteristics of … first national bank sycamore online banking