Advertisements
Advertisements
Question
Complete the sentence.
When there is no provision in partnership agreement regarding time period for partnership then it is known as _____________.
Advertisements
Solution
When there is no provision in partnership agreement regarding time period for partnership then it is known as Partnership at will.
APPEARS IN
RELATED QUESTIONS
Complete the sentence.
A partner who takes active participation in the day to day working of the business is known as _____________
Answer in one sentence.
What do you mean by partnership firm?
Answer in one sentence.
What do you mean by partner-in-profits only?
Answer in one sentence.
What do you mean by a general partnership?
Correct the underlined word and rewrite the following sentence.
In a Partnership firm, minimum three members are required.
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?
Distinguish between:
Partnership Firm and Joint Hindi Family.
Answer in brief.
State any four types of partners.
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 sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
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?
Answer in one sentence.
What is Quasi Partner?
Which of the following is a major demerit of partnership firms?
