Which ca foundation classes are best?

1. ECP (Excellent Commerce Point) 2. Aldine CA 3. Swapnil Patni Classes 4. Nahata Professional Academy 5. JK Shah Classes. 6. V'Smart Academy. 7. Takshila Learning.

Is CA a difficult Course?

Yes, CA is a difficult course to clear. The CA syllabus is vast and includes various complex topics that students find hard to study.

What is the eligibility for CA?

Candidates must have to complete their 10th and 10+2 from any recognized Board with a minimum aggregate 50% marks in any stream preferably Commerce. Furthermore, there is no age restriction to apply for the CA foundation course.

How many years is required to become a CA?

To become a CA, candidates require at least 5 years if they clear all the exams on the first attempt. If not, then each extra attempt will increase the CA Course duration by 6 more months.

Does ICAI provides free classes for CA Foundation?

You can attend Free ICAI virtual coaching classes at Live.ICAI.org/bos/vcc/. The classes can also be viewed on the official ICAI YouTube channel.

How many months are required to prepare for CA Foundation?

You get a minimum of four months of study period after registration for the CA Foundation. To appear in the CA Foundation examinations, one has to pass 10+2 examinations. To pass the entrance test of the CA course, you must know all information regarding CA exams and have to be fully dedicated to your studies.

Relations of Partners

CA Foundation : Relations of Partners

Created on September 11, 2023 By

admin

Relations of Partners Quiz

1 / 15

As per section 18, a partner in a partnership firm functions :

In a dual capacity of principal and agent.

As a principal.

As an agent.

Neither as a principal nor as an agent.

2 / 15

If a partner commits fraud in the conduct of the business of the firm:

He shall indemnify the firm for any loss caused to it by his fraud.

He is not liable to the firm.

He is liable to the partners.

He is liable to the third parties.

3 / 15

A Partner can bind a firm by his act if _________.

Submits a dispute to arbitration.

Withdraws suit or proceeding filed on behalf of the firm.

Transfer immovable property belonging to the firm.

Buys goods on behalf of the firm.

4 / 15

Subject to contract between the partners, a partner does not have any one of the following rights:

Right to receive remuneration.

Right to share profits.

Right to take part in the business

Right to claim interest on capital

5 / 15

The liability of a minor partner is limited to the extent of:

His share in the firm

His personal assets

His share in the firm as well as his personal assets

He is not liable

6 / 15

Which are the matters that require unanimous consent of all the partners:

Admission of a partner.

Transfer by a partner of his interest in the firm.

Fundamental change in the nature of the business.

All the above.

7 / 15

Partners are bound to carry on the business of the firm _________.

To the greatest common advantage.

For the welfare to the society.

For the advantage of the family members.

For earning’personal profits.

8 / 15

Notice to a partner operates as notice to the firm.
For such purpose, notice may be given to :

All the partners jointly.

A partner who habitually acts in the business of the firm.

Any two partners.

Only the dormant partners.

9 / 15

Property of the firm does not include:

Trademark owned by the firm.

Property acquired by or for the firm.

Goodwill of the business.

Property belonging to the partners.

10 / 15

Where a partner has advanced any loan to the firm and the agreement provides for interest, but does not specify any rate, the rate shall be _________.

10%

Nil

11 / 15

For changing the nature of a business:

Consent of all the partners is needed.

Consent of majority of partners is needed.

Consent of court is needed.

Consent of Registrar of firm is needed in reference to conduct of the business.

12 / 15

For ordinary business matters the decisions in the firm are taken on the basis of :

Decision of majority of partners.

Unanimous decision of partners.

2/3 majority.

1/3 majority.

13 / 15

When a partner transfers his share, the transferee of partners share has the following rights:

To take part in the conduct of the business

To require accounts

To inspect books of the firm

To receive the share of the profits of the transferring partner

14 / 15

A minor may give public notice of his decision to continue or withdraw from the firm on his attaining majority within:

Three months

Six months

Nine months

One year

15 / 15

When a minor on attaining the age of majority, has elected to become a partner, he becomes personally liable to third parties for all the acts of the firm from the date of his:

Decision to become a partner

Attaining the age of majority

Admission to the benefits of the firm

Attaining majority or decision to become a partner, whichever is earlier

Your score is

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Created on September 11, 2023 By

admin

Relations of Partners T/F

1 / 7

It is the duty of the partners to work full time in the business of the firm.

True

False

2 / 7

Partner has a right to receive remuneration.

True

False

3 / 7

If a partner advances money to the firm he will be entitled to interest @ 6% p.a. from the firm only in case of profits.

True

False

4 / 7

Where a partner is entitled to interest on the capital he will be paid interest only if there are profits.

True

False

5 / 7

On becoming major, the liability of a minor admitted to the benefits of partnership becomes unlimited from the fate of majority.

True

False

6 / 7

A partner is not the agent of the other partners.

True

False

7 / 7

A partner can be admitted to the partnership with the consent of majority of the partners.

True

False

Your score is

The average score is 0%

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