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Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.Is the Partnership firm valid?a)No, as the agreement was not a written one.b)No, as Akbar is not participating.c)No, as the firm has not been registered.d)Yes, because they agree to share profits.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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the CA Foundation exam syllabus. Information about Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.Is the Partnership firm valid?a)No, as the agreement was not a written one.b)No, as Akbar is not participating.c)No, as the firm has not been registered.d)Yes, because they agree to share profits.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam.
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Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.Is the Partnership firm valid?a)No, as the agreement was not a written one.b)No, as Akbar is not participating.c)No, as the firm has not been registered.d)Yes, because they agree to share profits.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.Is the Partnership firm valid?a)No, as the agreement was not a written one.b)No, as Akbar is not participating.c)No, as the firm has not been registered.d)Yes, because they agree to share profits.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.Is the Partnership firm valid?a)No, as the agreement was not a written one.b)No, as Akbar is not participating.c)No, as the firm has not been registered.d)Yes, because they agree to share profits.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Amar, Akbar and Anthony jointly started business of supplying cottons and agreed to share profits equally through oral agreement on 01.03.2007. Amar and Akbar are active partners, while Anthony is a sleeping partner.Q.Is the Partnership firm valid?a)No, as the agreement was not a written one.b)No, as Akbar is not participating.c)No, as the firm has not been registered.d)Yes, because they agree to share profits.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.