Please select a subject first
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State any four features of profession.
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Complete the sentence.
____________ Industries plays an important role in developing countries.
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Answer in brief.
State any four points of importance of Small Scale Industry/Business.
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Attempt the following.
State the importance of small business.
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State True or False:
Partnership agreement may be oral or written.
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State True or False:
In a partnership firm, the liability of every partner is limited, joint and several.
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Complete the sentence.
Admission of new individual into existing business has given birth to _____________
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Complete the sentence.
A partner who takes active participation in the day to day working of the business is known as _____________
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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 _____________.
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Answer in one sentence.
What do you mean by partnership firm?
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Answer in one sentence.
What do you mean by minor partner?
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Answer in one sentence.
What is Quasi Partner?
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Answer in one sentence.
What do you mean by partner-in-profits only?
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Answer in one sentence.
What do you mean by a general partnership?
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Correct the underlined word and rewrite the following sentence.
In a Partnership firm, minimum three members are required.
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Correct the underlined word and rewrite the following sentence.
Indian Partnership Act, 1940 is applicable in India.
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Explain the following term/concept:
Partnership Firm.
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Explain the following term/concept:
Nominal Partner.
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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?
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Distinguish between:
Partnership Firm and Joint Hindi Family.
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