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प्रश्न
Answer in one sentence.
What do you mean by a general partnership?
What is general partnership?
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उत्तर
A general partnership is a form of partnership where the liability of all the partners is unlimited, joint, and several. Every partner has an equal right, which can be formed under the Partnership Act of 1932.
संबंधित प्रश्न
Complete the sentence.
Admission of new individual into existing business has given birth to _____________
Complete the sentence.
A partner who takes active participation in the day to day working of the business is known as _____________
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What do you mean by partner-in-profits only?
Explain the following term/concept:
Nominal Partner.
Study the following case situation and express your opinion:
Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by professing running a firm namely ‘Buildsheet’ in Nagpur.
- Identify a business in the above example.
- Comment on it?
- Which two professions are mentioned here?
Justify the following statement.
All partners are joint owners of the Partnership firm.
Justify the following statement.
Active partners take active part in day to day management of partnership firm.
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentences.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
What document outlines the rules, roles, profit-sharing, and terms between partners in a partnership firm?
According to the features of partnership shown in the image, what is required for a partner to transfer their ownership interest to someone outside the firm?
Which of the following is a major demerit of partnership firms?
Dr. Sharma and Dr. Mehta jointly manage a clinic, share the profits, losses, and responsibilities. Their business is best classified as a______.
