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Explain the following term/concept: Joint Hindu Family Firm. - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept:

Joint Hindu Family Firm.

टिप्पणी लिखिए
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उत्तर

  1. It is a form of business organization which is carried from one generation to another generation.
  2. It comes into existence by the operation of Hindu Law.
  3. This form organization is found in India only.
  4. The senior most member of the family is called ‘Karta’ while other members are called ‘Co-parceners’.
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अध्याय 4: Forms of Business Organisation - I - EXERCISE [पृष्ठ ९२]

APPEARS IN

बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 4 Forms of Business Organisation - I
EXERCISE | Q 2. 3) | पृष्ठ ९२

संबंधित प्रश्न

Features of Joint Hindu Family Business


Distinguish between the following:
Joint Hindu Family firm and joint stock company


Explain the features of a joint Hindu family firm.


The Karta in a Joint Hindu family business has _______ liability


Co - operative Society Joint Hindu Family Firm


Merits and Demerits of Joint Hindu Family?


Features of Joint Stock Company?


maximum number of members in a Joint Hindu Family firm is 20.


Select the proper option from the options given below and rewrite the completed sentence.
Limited managerial skill is the ________ of Joint Hindu family business.


Write a word or a phrase or a term which can substitute the following.
The senior most family member of joint Hindu family firm.


Distinguish between the following.
Joint Hindu family firm and Sole Trading concern


State True or False:

The maximum number of members is unlimited in Joint Hindu Family Firm.


Answer in one sentence.

What is Joint Hindu Family business?


Correct the underlined word and rewrite the following sentence.

In Joint Hindu Family business, the senior most member of family is called as Co-parcener.


Study the following case situation and express your opinion:

Mr. Raghunath is running a business from the last 30 years. This business is ancestoral business of Mr. Raghunath. Kiran and Naman, two sons of Mr. Raghunath are helping him along with their wives.

  1. Find out the type of business.
  2. Who is Raghunath?
  3. What Kiran and Naman are called?

Answer in brief.

State any four merits of the Joint Hindu Family Firm.


Give one word/phrase/term.

The members of the Joint Hindu Family firm.


Give one word/phrase/term.

The members of the Joint Hindu Family firm.


Give one word/phrase/term.

The members of the Joint Hindu Family firm.


Give one word/phrase/term.

The members of the Joint Hindu Family firm.


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