1. Features of a partnership firm are:

2. What time would be taken into consideration if equal monthly amount is drawn as drawings at the beginning of each month ?

3. A draws ₹ 1,000 per month on the last day of every month. If the rate of interest is 5% p.a., then the total interest on drawings will be :

4. In the absence of an agreement, partners are entitled to:

5. Fluctuating capital account is credited with :

6. Interest on Partner’s capital is :

7. Calculate interest on drawings @ 12% p.a. for Gambhir if he withdrew 7 2,000 once at the beginning of each month:

8. Interest on drawings of the Partners is a :

9. The relation of partners with the firm is that of:

10. Liability of Partners is :