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Complete the sentence.
Admission of new individual into existing business has given birth to _____________
Concept: undefined >> undefined
Complete the sentence.
A partner who takes active participation in the day to day working of the business is known as _____________
Concept: undefined >> undefined
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Complete the sentence.
When there is no provision in partnership agreement regarding time period for partnership then it is known as _____________.
Concept: undefined >> undefined
Answer in one sentence.
What do you mean by partnership firm?
Concept: undefined >> undefined
Answer in one sentence.
What do you mean by minor partner?
Concept: undefined >> undefined
Answer in one sentence.
What is Quasi Partner?
Concept: undefined >> undefined
Answer in one sentence.
What do you mean by partner-in-profits only?
Concept: undefined >> undefined
Answer in one sentence.
What do you mean by a general partnership?
Concept: undefined >> undefined
Correct the underlined word and rewrite the following sentence.
In a Partnership firm, minimum three members are required.
Concept: undefined >> undefined
Correct the underlined word and rewrite the following sentence.
Indian Partnership Act, 1940 is applicable in India.
Concept: undefined >> undefined
Explain the following term/concept:
Partnership Firm.
Concept: undefined >> undefined
Explain the following term/concept:
Nominal Partner.
Concept: undefined >> undefined
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?
Concept: undefined >> undefined
Distinguish between:
Partnership Firm and Joint Hindi Family.
Concept: undefined >> undefined
A _________ is an autonomous corporate body created by the special Act of the Parliament or State legislature.
Concept: undefined >> undefined
A statutory corporation is answerable to ______ Or state assembly whosoever creates it.
Concept: undefined >> undefined
Give one word/phrase/term.
An autonomous corporate body created by the Special Act of the parliament or state legislature with defined powers, functions, and duties.
Concept: undefined >> undefined
Give one word/phrase/term.
An organisation which is answerable to parliament or state assembly whosoever creates it.
Concept: undefined >> undefined
Give one word/phrase/term.
An organisation which 1s not subject to the budget, accounting and audit controls by the government.
Concept: undefined >> undefined
Answer in brief.
State any four types of partners.
Concept: undefined >> undefined
