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प्रश्न
Justify the following statement.
All partners are joint owners of the Partnership firm.
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उत्तर
- According to the Indian Partnership Act, 1932, all the partners are joint owners of the property of the partnership firm.
- No partner can use the property of the firm for his personal interest.
- No partner is allowed to take any decision without the consent of all the partners.
- No partners can make any secret profit in the business.
- Profits and losses are shared among the partners in the profit sharing ratio mentioned in the deed.
- Thus all partners are joint owners of a Partnership firm.
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संबंधित प्रश्न
State True or False:
Partnership agreement may be oral or written.
Complete the sentence.
Admission of new individual into existing business has given birth to _____________
Complete the sentence.
A partner who takes active participation in the day to day working of the business is known as _____________
Complete the sentence.
When there is no provision in partnership agreement regarding time period for partnership then it is known as _____________.
Correct the underlined word and rewrite the following sentence.
In a Partnership firm, minimum three members are required.
Correct the underlined word and rewrite the following sentence.
Indian Partnership Act, 1940 is applicable in India.
Explain the following term/concept:
Partnership Firm.
Distinguish between:
Partnership Firm and Joint Hindi Family.
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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?
