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Question
Explain the following term/concept:
Karta.
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Solution
- Karta is a senior most member of the family, who runs the Joint Hindu Family Business.
- Karta has unlimited liability in such type of business.
- Karta has the right to manage the business.
- Karta need not consult anybody about business decisions.
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RELATED QUESTIONS
Joint Hindu Family firm and Joint Stock company.
Define ‘Joint Hindu family business/firm’.
Features of Joint Stock Company?
Select the proper option from the options given below and rewrite the completed sentence.
Limited managerial skill is the ________ of Joint Hindu family business.
Select the proper option from the options given below and rewrite the completed sentence.
The Head of Joint Hindu family Business is called as ________.
Distinguish between the following.
Joint Hindu family firm and Joint stock company
Write short note on the following.
Features of Joint Hindu family.
Briefly explain the following term: Karta
State True or False:
The liability of KARTA is unlimited.
State True or False:
The maximum number of members is unlimited in Joint Hindu Family Firm.
State True or False:
Joint Stock company can raise huge amount of capital.
Complete the sentence.
The property of JHF business is jointly owned by the ________
Distinguish between.
Joint Hindu Family Firm and Joint Stock Company.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Who manages and leads the Joint Hindu Family Business?
Which feature of JHFB is illustrated by the infographic showing “Joint Ownership” by Karta and coparceners?
