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प्रश्न
Explain the following term/concept:
Partnership Firm.
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उत्तर
- It is a voluntary association of two or more persons With a common objective.
- It is formed by an agreement called Partnership deed.
- It is governed by the Indian Partnership Act, 1932.
- Registration of partnership firm is optional as per the Partnership Act, 1932.
- In Maharashtra, registration of partnership firm is made compulsory
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संबंधित प्रश्न
State True or False:
In a partnership firm, the liability of every partner is limited, joint and several.
Complete the sentence.
Admission of new individual into existing business has given birth to _____________
Answer in one sentence.
What do you mean by partnership firm?
Answer in one sentence.
What do you mean by minor partner?
Answer in one sentence.
What do you mean by a general partnership?
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?
Distinguish between:
Partnership Firm and Joint Hindi Family.
Answer in brief.
State any four types of partners.
Attempt the following:
Explain different types of Partners.
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?
Mr. Sawant a Chartered Accountant by profession and Mrs. Tambe, an Architect by profession running a firm namely ‘ST Firms’ in Nagpur.
- Identify the form of business organisation in the above example.
- Is it a registered organisation?
- What is the Profession of Mr. Sawant?
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?
Dr. Sharma and Dr. Mehta jointly manage a clinic, share the profits, losses, and responsibilities. Their business is best classified as a______.
