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प्रश्न
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?
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उत्तर
- The business organisation in the given example is a partnership firm, as it is operated by two people who have joined forces to start a business and share its earnings and losses.
- In India, partnership firms can be registered or unregistered. Registration is not required, but it is advised since it provides legal benefits and protection under the Indian Partnership Act of 1932. If "ST Firms" is registered, it will be filed with the Registrar of Firms in Nagpur. If "ST Firms" is not registered, it remains a lawful partnership but lacks the legal benefits and protections associated with registration.
- The profession of Mr. Sawant is Chartered Accountant.
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संबंधित प्रश्न
State True or False:
In a partnership firm, the liability of every partner is limited, joint and several.
Answer in one sentence.
What do you mean by partnership firm?
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.
Explain the following term/concept:
Nominal Partner.
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?
Justify the following statement.
All partners are joint owners of the Partnership firm.
Justify the following statement.
Active partners take active part in day to day management of partnership firm.
Attempt the following:
Explain different types of Partners.
Answer in one sentence:
What is Quasi Partner?
Answer in one sentences.
What is Quasi Partner?
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?
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?
Which of the following is a major demerit of partnership firms?
