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Answer in one sentence. What do you mean by partnership firm?

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प्रश्न

Answer in one sentence.

What do you mean by partnership firm?

एक पंक्ति में उत्तर
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उत्तर

A business owned and managed by two or more persons sharing profits and losses is called a partnership firm.

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अध्याय 4: Forms of Business Organisation - I - EXERCISE [पृष्ठ ९२]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 4 Forms of Business Organisation - I
EXERCISE | Q 1. H) 2) | पृष्ठ ९२

संबंधित प्रश्न

State True or False:

Partnership agreement may be oral or written.


State True or False:

In a partnership firm, the liability of every partner is limited, joint and several.


Complete the sentence.

A partner who takes active participation in the day to day working of the business is known as _____________


Correct the underlined word and rewrite the following sentence.

Indian Partnership Act, 1940 is applicable in India.


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.

  1. Identify a business in the above example.
  2. Comment on it?
  3. Which two professions are mentioned here?

Distinguish between:

Partnership Firm and Joint Hindi Family.


Attempt the following:

Explain the features of a partnership firm.


Answer in one sentence.

What is Quasi Partner?


Answer in one sentence.

What is Quasi Partner?


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?


Answer in one sentence.

What is Quasi Partner?


Which law defines a partnership in India and provides its legal framework?


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______.


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