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प्रश्न
Define the following business entities:
Partnership
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उत्तर
A partnership is a form of business in which two or more persons come together to carry on a business and share its profits and losses as per an agreed-upon partnership deed.
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संबंधित प्रश्न
Indian Partnership Act was passed in the year...............................
Define 'partnership firm'. Explain its merits and demerits.
A Joint Stock Company can raise huge capital.
Long answer type question.
Define Joint Stock Company and explain its features.
State Whether the Following Statement Are True Or False (Give Reason)
The liability of partners is limited.
State Whether the Following Statement Is True Or False (Give Reason).
The liability of the Karta is limited and that of coparceners is unlimited.
Why is partnership considered by some to be a relatively unpopular form of business ownership?
Explain the merits of partnership.
In which form of organisation is a trade agreement made by one owner binding on the others? Give reasons to support your answer.
The business assets of an organisation amount to Rs. 50,000 but the debts that remain unpaid are Rs. 80,000. What course of action can the creditors take if
(a) The organisation is a sole proprietorship firm
(b) The organisation is a partnership firm with Anthony and Akbar as partners. Which of the two partners can the creditors approach for repayment of debt? Explain giving reasons
