Which of the following is not a general feature of partnership-
Held on 14 May 2025 · Verified 13 Jul 2026.
In order to form partnership, there should be at least two persons coming together for a common goal.
Partnership is the result of an agreement between two or more persons to do business and share its profits and losses.
The agreement should be to carry on some business.
Liability of Partners are limited to the extent of capital contribution.
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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.