Partnership is the result of an ____________ between two or more persons to do business and share its profit and losses.
Liability
Asset
Agreement
None of these
Under the __________ method,only one account,i.e.capital account is maintained for each partner.
Variable capital
Marginal capital
Fixed capital
Fluctuating capital
There are ___________ methods of maintaining capital accounts of the partners.
Two
Three
Four
Five
