The Form of Organisation Which Comes into Existence by Law of Inheritance. - Organisation of Commerce and Management

The form of organisation which comes into existence by law of inheritance.

Solution

The form of organisation which comes into existence by law of inheritance is Joint Hindu Family.
The amount of capital available with a joint Hindu family firm is limited to the amount of inherited wealth.

Concept: Hindu Undivided Family Business or Joint Hindu Family Business

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2011-2012 (March)

Q 1.D.1 Q 1.C.5 Q 1.D.2

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2011-2012 (March) (with solutions)

Q 1.D.1 | 1 mark

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Hindu Undivided Family Business or Joint Hindu Family Business

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The Form of Organisation Which Comes into Existence by Law of Inheritance. - Organisation of Commerce and Management

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