M u l t

inle Choice Questions:

1:
AS-14 AmalkRamafion, Absorption
e r -

amation
of companies is governed by and External Reconstruction
AAS-13 AS-14 AS AS-11
scheme of amalgamation can involve
pames
nope three
he amalgamation requires approval of
High Cou
a Central Govemment
b) Registar of Companies
d)Directo ompanie
shareholders is
necessary for treatment as
in nature ot
S1 d) 80
Approva by 0 areholdens is requirod for implementation of the scheme of amalgamation
)S1% 75%
enod, ansieree
80%
record assets at
1n case of pune company should
)book value
c)marketvalue ) greed value
poong or tnuest methoa, tnnsleree company sbould record assEs A
in casc
ol
manet aue
d) book Value
)greed value
Amalgamation Adjustment Reserve Account is required in respect of
0 a t u l o r y reserve
a)general heser
secuny premium l reserve
or aBet nes VaUe over consideration is
The eCess ) ecuny premum
)captaleNe
) p r o n or los5 gOodwill

10. AS-14
covers
amalgamation
of nrns
a) companies and Partners
Direclors
c) firms and company 0 to Realisation Account
at
transfer its assets
amalgamaton, the transterer company
1. On
a) agrecd value d) ct
ongnal cost
c) market value
AY Ld.
new company Y Lud.
12. XLtd. And Y Ld
fom
tnto a X Lid.
6,00,000
5,50,000
0,00,000 8,00,000
Net Assets
The
XY Ld at par.
shares of
( 100) of fülly paid
Purchase consideration
issue

Tbe
be settled by
purchase consideration is toLtG. will be
issued to XY
number of shares b) 2,00,000 shares
1,00,000 shares
d)55,00 s0a
c) 45,000 shares
Lad. TIhe Balance Shet ot Lud. wasas tolows
2019;X LUd. Acqured Y
13. On 31"March,
Liabilities
13,00,000
3,00,000 Pxed ABsets 5,70,000
Equity Capital ,50,000 Current Assets 00,000
Reserves
7,20,000 Preliminary Expenses 19.70.009
C u r r e n t Liabilities
Lid is
1970,009| consideration payable by
X
the purchase
Book values
laken at
& Liabilities are
If all the assets
19,70,000
0) 10,28,000
a)1150,000
Lud. for the acquisition:
c) 20,70,000
to pay
the following to Rita Rita Lid. and c
share of
Rita Ltd. and agreed every cquity
14. Pooja Lid. purchased
20 cach, fully tor shares.
paid S000
i) 2 equity
shares of Pooja Ltd. for shares of Rrta
Ltd. are

held. Total equity

4 per share
 Finaciel 4ecnting (7
I Cem
D a r g e of Rita Ld"s 20,000 10 Debentures by lssuc of 15,000 12% debentures
Pooj Ld and casd at ES per debenture held The purchane eonsideration paysble by
to Rits Ld

b) 20.JS,.000
Foop L
8,20,000
20,38,000 0) 0 , Sz000)

Balanee heet

10,000 Equity sharee ou

10 each
Loss Account
1,00,000 Current Assets

Proft &
Crediton

On April, 2019; Omega Lid. t iness business of Universal Ltd. lorconsie

J,75,000. Profit or loss on realization was
oention of
a) b) 5,00K0 (Los)
5, 000 (Profin
l6,
c)8000(roft)
Purchase considenaton as per AS14 h
) s h a r e h o l d e n and debentureholders
the
amount pay chen
b) sharehoiden n
c)shareholden
followed is
7For scouning mergens, tne ncoo b) Equity Method
d ) n o n e of the abo
c) Purchase Method
18. Under Pooling of Interest Method, the difference berwecn pu co hare capitlof
r a m i e r e e company should be adjusied to

c) Amalgamation Adjustment Account

19. Pooling of Interest s a method of.
b)valuation of imventory
providing opt nation d) none of the aboe

chae lethod, any excess of purchase considerabon ova*D** hould be

20. nijed a
b) capital rese
a)goodwill d ) n o n e ot e
)Proht& Loss Account
o0 Kcalisabon Account
1s transterred by trnsieror compPa
ence Shareholders Account
ro t
Equity Shareboldes Account

& Loss Account

pone of the abo o puirchase considerion,
under Net Asset Method
of calculabon i
which is not taken
2 2 T h e asset,

shares
a) discounl on IsMue of
0)Dills rceivabie
Companies may combine by.
b) Absonption
ramation d) Any of the above
Fxteraal reconstruction Lid. are taken
over
by Swati Ltd. a new compay H is called
Vishakha
24 Vijay Lid. and construction
) Absorption Intemal reconstruction
c) Amalgamation
Lad. is taken
over by Ranbhir Lid. # s CalledExtemal roeconstruction
3 r Deepe
a)Amalgamation Merger
a
c) Absorpon k u m a LO
DEW conpany
6 Santosh Lad and
Kuman Ltd are takeo over by >antosh
Lid
vendor ompanies
aeLid.
n i o s h Lid and Kuman Santoshkumar are Vendor
Companies
)Santoh
and Lid.

ompany

Aan Lid s
aa
putasing
Kumar Lid a purchasing company
)
 ari L
L N (pey a
recouct n l nconsinuction
May
mabo
usines hNukee oover b
Nc co
pey

AS
14 amaana o p:
A ) echase of business
Merset of purchast o None of the sbove

Liqidated Formed
Disoved
eature in menper, purchase of business is
Liquidation of al least to comis
he

uidation of eao CO

purchase of m compeny byncher compeny

copanies
Combunao or o
APer Compa
bsorptio
A des amalgamab
b)Aalgmatioe cachudrs sbrpos
acdes ecoesirco
Intermal reconinon calernal
ccounting for emalganatian govened by
ASI
AS 13 s pemed by.
o aopton
Accounting
AS
ASI
13
AS 14
Acounting for amalgunatios by mg AS1
AST1

by purchase is
AE
a a o n

mper
AS
ASI
AS 14
opy
As pet As 1 t e co

D of the ubove
d) Lnto which a company

raasferee co b Purchasing comp

)eno debiieo
on preliminan expenses in Balae e W

Relisaion Ac scearboldeof is
rnaliered

Sheet Vender Company

Cash Ae in Balance
rrut ad
Loss Ac debt bulance
amalgamauon
On
Lealisation Ae ) arbolders E cloeed b
Vendor Compeny
Eauity shareholders A Shect of
dhe Balance
Debentures
Account ppearing in
OB aalgamation
akn wra so
debentures
to
Realistion whether Accoun,
Credting
Crediting to Realiation Accou wben o ken over
aver
Debentura
ie not takzn
Account when
o Realisetion
Cditing

BCom-Financil Actountmg (Sem-VI)

22/T.Y
 On amelgamation Prov ident und Acceunt in the Balance Shret of Vendor Cempany traneferred t
4 is

eaon Account b) hurchasing co's Account

) t q u i t y sharehooers Account eerrnce shartholderi AccuM
0
Sinaing uhd agPpesring in the Balance Sheet of vendor ( ompamy is
ae
a)Realination Account )Preference Shareholders Accoum
bEquity Sharcholders Account d)Purchasing Companies Account
*4 amigamatoni preference shares are settled at a premium, the premium is

Creditd Account
b) ealsaton Account
c) Credited to securit
Cceunt
Debited to Profit and
45.
Accounting for
amalgamation in the hooks ofa Vendor Companyy
T h e same in all types of amalgamation b) The different in all types of amalgamauon
C)Dependent on the type of company d)Dependent on
purchase consideraion
6. On amalgamation, accounting for amalgamation in the books of purchasing company

E n e in all ypes of amalgamations

D h e diferent in all types of amaigamation depending on the type ol amalganm

C)Dependent on the type or

companie
Dependent on the purchase consideration
and liabilities of vendor company become the and
asses
as a
merger all the assets
anagamation
iabi
a) Transferee company b) Vendor Company

48.
c)Holding company d) Subsidiary company
Sharcholders holding not less than 90% of the face value of equity share capital in the vendor opany
ecome the equity thareholoers in he purchasing company it amalgarmation s -
a I n the nature ot merger
b)In the nature of purchase of business
c)In the nature of absorption
d) In the nature of intermal reconstruction
in the
aaanaon
B a
merger
asets and liabilities
of the transferor
company are incorporaled
*Company
a) Market value
b) Book value

c) Market value or Book value which ever is less

S0.
Agreed
On amalgamation
value s purchase or Dusiness 5setis and liabilities are transferred to the books of

ansteree company )Book valuc

)Market Value Cost
51.
e)Agreed Value
Under amalgamation as a purchase of business the reserves carried in the books of transferee company

b) General reserve
) Statutory reserves only
Account d) All of the above
$2. AmE ation Adjustment Reserve Account is opened in the books of transferee company to
incorporate
)Liabilities of Transferor company
b) Assets of Transferor company
Statutory reserves of transteror cormpany

) N o n e of the above

53. Under amalgamation as a purchase of business the transieree company inconporaies in its books only

A s e t s and liabilities of transieror company

b) Assets, liabilities and statutory reserves of transferor company.
c)Assets, liabilities and reserves of transferor compuny
d) None of the above
 arising on g m a t i o n is to be

Amortireu eimatic basjis

Adiu eral reserves
dRetaincd
dr books of transferee
in the
of theabove company
NS4. payment of eapenses amalgamation on
o
omes pan
purcaae consideratis
snot become part ot purchase considerstion
Appears in e ooAS 01 transferor compe
above only
)
None
ot the
he asset which is not considered under Net
Asset method of calculstion
of purchase consoro
Undetwng ommission b) Plant and
dBills ivable machinery
is
Stock
pooling o nieresr a method of
Accountng 1or amaigamation
Calculation of purchase consideralion
c)Stockvaluation
d) None above of the

Under Purchase Method, excess purchase consideration over the net assets taken over is accounica

) Goodwill b) Captal Kescre

Profit and Loss Account None of the d)
In case p
ho
O n tor aoubtul debts is against the debtors, the debtors are transferred lo K e a l a u

ACE
amount b) Nt amount
Market valu d) None of the above

0 Purchase i
e d
consocnuom unoer payment method n amaganao
Pavment to sharebolders debentureholders
to

Payment to preference shareholders Payment of expenses

Under amalgamation profit on Relisation is transferred to
a Equity shareholders A/c b) Preference sharebolders
d) Creditors A/c
c)DebentureboldersLoss
A on Realisation is debited to
62. Undcr amalgamation
we D P r e l e r e n c e shareholden Avc
a) Equity sharcholdern
d) None of the above
c) Protnt aDd LOss Ppropnado0 AV to credilors by Transteree cpny

63. AS Pet A> i* nangamatnoOn unoer Net payment method payment

consideration
a)Forms
part
or
purchase
b) Does not form part of purchaAse consideration
to Realisation A/c
c)Debiled
d) None of the above (10 a). (l-b.
-

(-), (4-c), (5- b). (6-d), (7-d), (8- b),

(9-a),
Ans.:(-b), 2band - a),d),(15 - a), (16 c), (17- a). (18- a), (19-C. z - b).
,(24-).(25-c). (26 a), (27-b). (28-, 2 4 .(43- b), (4 a
(34-.(3s-c), (36-c), (37-a), (J8- b). -(50 c). (S1* -
53 -b), (54-a), (55- b).
**

(45 ) , (46 -b), (47- B), (488). (9-b),

a}{58--a), (59 -a), (60-
a),(61 -

a). (62-a), (63-b)]

(56-a), ($7-

hapter Yanscions of Ponee

in As
15 covefed
1 Conversion of eurrency d)
c) of fixed asset is tansferred
a) settlement of liability specially for purchase
difference on
2. The exchange
b) exchange difference
aSset
c) depreciation
d) profit & loss
 The belance in receivable as o Balance sh
converted al rate_
E or

tne date of sale goods h on the date of

Balance ns"

d) on the date of tini recoery

0 ae or ubsequent recovery
a m o u n t payabie for purchase on the date of Balance s
3) on date ot b) on dale nnt foym
purchase
sheet
o n dale ot subsequent paymen o n
dale or Balance

S. ) on date o f c d aSsets is comveried at rate

average during ye
c) date of purchase d) reopening date of year
nemierest ol loan is converted at rate on the date
an borowed DotCcrual ot inierest
of payment
oraiance Sheet daic or
Rt aie on

Sheet is comverted
a) of pae
0an as on date
of Balance
o payment ot Baianee

(b)and (c)
8. The balance sale is transferred
to
in exchange difference
* * * e
on transaction
on
t of export
)Sales Account Debtors Account
& d) Trading Accoun
CTot Loss Acount
dilference arising due import of raw material is transied
ecnge to

purhase trading
Profit& Loss Acount suppliers
0 h e cumency of the enterprise preparing account is called
oregn currency b) home curency

Ja n 4018, AYZ Lad. invoiced goods to its USA client 1ors0.00payment was received on
. On I
l t March, 2018

be exchange rate was

January 2018:S1-T39. Ist March, 2018:5140
the amount of difference in exchange transfered to Profit & Loss Accoun 2 ooo
c)I5,000 d)25,000
a)20,000 b)1000
12. H Ld purchased a plant on lst January, 2018 but has not been paid for by Slst MAch, 2018, the date of

cosing the books. The cost of the plant was S 1,00,00.

Tbe ekc 19.3 March, 2008:S I-740.
. 3I*

The exchanee
) 1,00,000 50,000 )1,50,000 d)2,00,000

13. A long-term loan was obtained from Z Ld 20,00,000 which was recorded a 620, the aie on
the date of the transaction. The exchange rate on the Balance Shect date was S S 7 , 4 0 . The lons
due

)b6.312
to exchange onnee
b)66,000 65,000 ) T8S,000
14. Folowing is not monetary iem

ash
Bills Receivable b)
d) Bills Payable
Inventory
15.
An exchange rate on the date of Balance Sheet is knowa as
aaveage rate closing

6.
c)non-monetaryrate
Non-monetary items are Valucd
dmonetaryrate
b) curent price
a)marketprice
c)historicalcost dffuctuating price
7. Reporting curencyis the curency used in
a) setling financial transactions b)presenting financial statements
)recording financial transactions d) none of the above
18. Foreign currency is a currency
a) used in recording foreign transactions b) in presenting foreign financial statements
c) other than the reporting currency d) none of the above
 r l e is the
Athe rjon Ebetween
h e proporo EEn b) s
two
wo
the
currencie
currencies mean of
change raie disnte at whichtheasetexchange raies
rale a heet date could be
enchang
proporoa e s e n wo cumencies b) mean of the
Follow ing
is not an
eampie ola
monetary item 0 rale st which exchange rates
asset is
euchanged
recetvabie paynble
ing
Fol Debiors
is an exampae or a ) fined assets
Do-thopetary ter
Bank A.
Credrtors
he mean othe exchange rales in lorce Stock
)Avergee duringa period is known as
) ie 6) Closing nie
0 0 e of the
esentine fin ueDcy used for above
ting
tine the
the financial statements b)
transactions
on monetary iten E the items recording financial transactions
none of the
bove
other than assets and
liabilities
b)assets and
liability as other than
han m
c) exchanged fair vAlue at monetary

a
none
of the above
Monetary items are the assets
the
a)to be and liabilities
b) be
received
to
or peid in money
received fhxed or deteminable amount of money
c)to be receved
in

or
paid in fixed amount
7 As applicabie tor translation of foreignocurency 15
AS 11
) AS 14 AS 15
The AS 19
8. amount exchange difference
of
a) Foreign Exchange
is recorded
in-
Pluctuation Nc a) General Reserve AWc
b)Profit and Loss AVe ) None of the above
29 At the end of the year the balance on Foreign Exchange Fluctuation Alc is transferred to
a) General Reserve AJe
6) Profit and Loss Alc
cBalancesheet
Ans.:(-c, (2-a), (3-b), (4- a), (5- c), (6 -c).10-c). (11- b). (12-
a), (03-a).(14-c). (15-b), (16-c), (17-b), (18-),. (19-b), (20-c). (21 4), (22 -6), (23-
(24-a),(25-b). (26-c), (27-a). (28-a), (29-b))

Chapter-3Liquidation
created
of Companies,
Acompany 1s by
d) Al of the above
Law D) Nature ) Human being
Winding up by NCLT is called as
6Compulsory winding up
a) Voluntary winding up
None or e
c)(a)& (6) d
3. The petition for winding up is presented by d A l l of the above
Creditors ) Conuouoy e) Company
)
4. Equity shareholders are No claimant
Second claimant Last claimant d)
a) Priority claimant b)
5. Pref. creditors are
b) Dues to govermment
a)1a &
d)All of the above

6
Wages
Voluntary transfer

One ye
Salaries
payhecompany w
is made by the company within
b) Two yeas Three ye d) Five years
a)
 F i n a n c i a l Accounting ( BComJ (em - V

s t a t e m e n t is prepared under section

s
Lqudator
153 C) Is6 17
a)
14 takes place if
Compulsory winding up
8. the company
pecal
resolution is
passed by within one year ot its incorporation
business
ompany does not commence

pany is unable to pay its debs

Al
dA of the above is apponted by
winding up, official
iquidator
the case compulsory
. n of
b) The Stlate Govemment
a) The Central Government
d) The High Cout
10 Inth Companies s appoinied by
liquidator
n Voluntary winding up
10. Coiral Govemment b The Company in General Meeting
d) The Registrar of Companies
The Board of Directors
shown
11. Ina staiement
of afairs secured
creditors are
in List C List D
b) Lst B

of Altais 1s sent to
12. In case of compulsory winding up Statement
The Official Liquidato D n e Liquidator
The Government list
d) The High Court
3. Deficiency or
suplus A/c is
prepared as
per
b) C) d)

in list
4Prelerential creditors included are
List E
c)1Lin D
1.
a) List C b ) List B
Govemment dues that arose within 12 months before the date of winding up is trested as
b) Secured Creditos
a) Preferential Creditors
c) Unsecured Creditorn d None of the above
16. Retirement benefit of employees exceed 20,000 per employee is considered as
a) Unsecured Creditors Preferential Creditors b)
c) Secured Creditors d None of the above
17. Arreas of Preference dividend on the date of winding up is
) Added to Preference share capital b) Treated as secured creditor
c) Treated as unsecured credítor a) None of the above
18. Calls received in advance is considered as
) Unsecured creditor b) Secured creditor
c) Preferential creditor None of the above
19. A contributory is a
d
a)Shareholder b) Debentureholder
c) Secured creditor a nsecurcd creditor
20. Amount dae to an employee out of P:F. is
FTelcehgal creditor b) Secured creditor
Onsecured creditor d) None of the above
21. A company may be wound up by NCLT when
aspecial resofution is passed

b) The
c)
company acted against National interest
Affairs of the company are conducted in a fraudulent manner
d) All of the above
2. be filed by
Petition winding up
of can

aConinbulory ROC
ompany d) All of the above
Central Government can
present a
petition to NCLT for winding of the
company if the con:pany has
actedagainst.

) Sovereignty and Integrity of India

b)Secunty
c)Public order d) All of the above
Ans.:(a),
(12-a), (13- a),(2-b), 6d, (4-c, 5- d). (6 ) , (7- c (8-d), (9a), (10 b),. (11 b).
-

(14-a), (15 a), (l6-b). (17-a), (18- ), (19-

-
-

-d) a), (20 -

a), (21-d), (22-d,

 :Underwrit
derwriting of SHares and Debentares
ompany i ssuing shares to pubiic must collect within
15 days
e yCom

% o fthe BSUe b9% of the isue

of the 25% of the issue
itfor collection o minimum subscription is
) 21 days
5 days
cannol exceed
f shares commisSIon
1 of issue price b)
d)
15%of
25%of
issue price
issue pace
) o f Debentures E commission cannot exceed.
% o f issue pnce b) 7.5 %of issue price
% of issue pnce d) 10% of issue prce
the entire issue is underwrittlen it is called
when Il underwriting
derwriting
b) Partial Underwriting abovE

The
ications which bear the stamp of underwrie
Uamarked applications
of aelications
the above
seled applications
lerwriting comnis mission one is debited
Underwriting commission Ale
Share Allotment Avc d)
Underwriter
None of the above

is calculated on
Underwnung comimission b) Net liability value
I s s u e price ol shares underTwritien
d) Pirm underwriting value
Marked applhcetion value
Unmarked applicalions are
) Applications bearing no stamp of the underwriter

b) Firm underwriting
c)Applicauons received by the company

d) Applications issued by the company

When all the underwritien it is called
10. shares are b) Partial underwriting
a) Fim underwriling
) All of the above
c) Pull underwnting
are underwritien it is called
.When some ot the shares
)Fuu underwriting wil o
im underwriting underwriting
commission

100 each at 20% discount. The

issued a 107% Debentures of t
2.
S Lud.
paid on 150
100 b) 80 MV is t 120 cost is
0. Tbe
ofof value of 100 each at par. The
13.
Sv Ld. issued shares a face
underwniing comm 9 be on

at 50% premium. Underwriting

commission
will paid
14.
14. SV
1015sued
Lud. of 00 each
shares

b)90 I50
Al ou e above
tor
be is liaDie
is underwnitten by Mr. Premkumar,
15. When the entire issue
No. of shares applied by the public

b) No. of shares underwnte of shares applied by the public

underwritten less. No.
c)No. of shares
d) None 01 ne abov

16. Markcd applicatio0s

AppucaOns suamped oy
unc
ubacrwnier
by the public
b) Applications signed
sealecd by the compalny
c) Applicalions
above
d) None of the
17. Unmarked applications are
A p a o samed
by
underw rite
the

the
pubic eeiwed By cormpany
D APpiCaoe m
drruy
pplications given to the brokern

N o n e o t the

r e m u n e r a t i o n on

Face value of shares undernn b) lasue price of thares underw ritten

e)Pace value of shares ctualiy purthased d None h e a e
19. When an underwriter agress to purchase a certain no. of shares in addition to unsubsCribed

called as shares, in
uoerw riting artal uperng
c) Full underw riting
20. Vide SEBI guidelines underwriting commission for Preference shares and Debentures pto 5,00.

should nor xceeu

b) 2.7%
SEBI guidelines underwriting commission for Prelerece shares and Debentures t
2
5,00,000 should not exced
d
beyond
25%
22 An
underwriet o for the shares
)Who underw rites the ssue who finds buyers
c) Who is a broker
3 A person cannot axt as an underwriter unless he holds a certificate ganted by
c) ICA
ROC
the underwriters
24 When the benefit of fim underwriting given is to

a) Fim underwriting is not treated as unmarked sppicauo

not r e a i c d Bs m a n i e o Bppncapo
0 Fim upderw ritingn
gnorru s
i m underwrang
None o the pove iters
25. When the benefit of fim
) Fim underwriting ts
underwriting s not given to tne ud
as
reaica u

d) None of the abo

An.:
12-b.(b),2- a), -c,4-a(
(13-a, (14-c 6b)(18-b), (09-a) 0 - ,10-,11
(15- e, (16- ). (17-b. l - , (2n-
(23-b), (24-).(25-

Accounts of LLP ane to be audited by

hariered ACcounant b) Cost Accountant
d) Master of commerce
e) Company secretary
number
2Maximum of partnen in LLP 100 d) No limit
3. ment for LLP is in filed with
ICAI b) NCLT ROC MCA
4. Cerificate of incorporation of LLP ia isaued by

Registrar ol ims
o e g r or companies
Keg oTCOOpeTiive societies

Registrar of Universities
S. A partner shall cease lo be a partner on
Death b) Retirement
0) Al or e above
e n n LLP

b) Unlimited
&b d)Nove of the above
 onsent of designaied partners is
hied with
the
Fom MOC in
em2
sof unts of LLP are to be presered for
EForm4
year
o f ccounts of L t
maintained on d)9years
Ca basis
C a s h basis or Bccrual basis
Accrual basis
Can be d)
Contnbutn Caah basis and accrual basis
Im
ribution bymaov ADie Property
a partner LLP is
Eible
All of the
olaon
Con Compolsory lo bove
As spece y the agreement ) ot
d)
compulsor
Vahuaon on may be made b owe
None ot the abave
)actieng harered Accountant
cPanel
Contn
member
ntribution as lo be refunded on
Pcticing
d)
Cost Accoumtant
1
Any one of the abovE

Termination of menmbernhip
Audit of LLP is compul d)
insolvenc
Amy one of the sbov
)Contribution exceeds 29
uc) r ekceeds 50,00,000
d)
uover iess thant 20,00,000
None of the above
Designated partner must obtain DPIN from
a)neentral Government
Govermment
he ROC
d) Registrar of fims
16. A pantner of LLP can be

AnA LP
individual b)A company
0 A u otthe above
17. LLP is created by
) Partnership Act
b) LLP Act
c) Companies Act d) Co operative Societies Act
Can be dissolved by the order of

ricCoun
h court
d) None of the above

19. LLP has

a) Perpetual successio b) No perpetual succession

)pecihed period o1 te None of the above

20. Minimum members required to forma LLP is
S memoe

c)10 members
21. Rights / duties of partners are govermed by
b) Partnershup Deeo
agreement
c) VA
a 0-d). (8-c), (9-c). (10-d).(-%u
[ABs.:(1-),(0, AR- (20-a). (21 -a))
US- 16-d).(17-b). (18-a). (19-a).
a), (04-a).(1-a),(10