Quiz for:
Introduction to Partnership Accounting

Question 1

Is a Partnership considered a separate legal entity from its partners?

Question 2

What aspect does Gagan Kapoor NOT teach besides Accountancy?

Question 3

What is the primary legislation that defines Partnership in India?

Question 4

Which aspect of Partnership is emphasized by Gagan Kapoor?

Question 5

What characteristic does mutual agency indicate in a Partnership?

Question 6

What do you call the collective business name of a Partnership Firm?

Question 7

What is the first concept taught in 'Accounting for Partnership Firms'?

Question 8

What type of agreement can form a Partnership?

Question 9

Who are the individuals involved in a Partnership called?

Question 10

Which book is considered as a secondary resource in Gagan Kapoor’s teaching?

Question 11

Which of the following is NOT an essential feature of Partnership?

Question 12

Which book does Gagan Kapoor primarily use for teaching Accountancy?

Question 13

What is a key drawback of a Partnership according to the lecture?

Question 14

Which section of the Indian Partnership Act, 1932 defines Partnership?

Question 15

What is the key focus of Gagan Kapoor's teaching philosophy?