'The business of a partnership concern may be carried on by all the partners or any of them acting for all.'
Which feature of partnership is indicated by the above statement?
Held on 22 May 2025 · Verified 13 Jul 2026.
Business
Agreement
Mutual agency
Profit sharing
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
As per AS-26 Intangible assets like goodwill should be written off.
Identify the correct statement from the given below :-
By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'.
Work through every CUET UG Partnership PYQ, year by year.