1. In the absence ofany agreement, the profits or losses of the firm are shared:

2. In partnership firm profits and losses are shared :

3. Profit & Loss Appropriation Account is prepared to:

4. In an Ordinary Partnership, maximum number of partners can be:

5. Which of the following is an appropriation of profit?

6. When time of withdrawals are not mentioned, interest on drawings is charged :

7. When drawings are made at the end of every month of certain amount, then interest will be calculated on total drawings:

8. In the absence of partnership deed, partners are not entitled to receive:

9. If a fixed amount is withdrawn on the first day of every quarter, the interest on total drawing will be calculated :

10. Which accounts are opened when the capitals are fixed?