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प्रश्न
Define the following business entities:
Partnership
उत्तर
- A partnership is a type of business in which two or more people agree to run a firm and split earnings and losses.
- Each participant is referred to as a partner. Every owner in a partnership contributes to the company's success.
- Contributions to a partnership can take the shape of plans, resources, wealth, or a combination of all of these.
- Profits and losses are split among partners in proportion to their respective investments or as agreed upon.
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संबंधित प्रश्न
Distinguish between Partnership Firm Joint Stock Company
Write a word or a phrase or a term which can substitute the following.
A partner who gives his name to a partnership firm.
Long answer type question.
Define Joint Stock Company and explain its features.
Define Partnership Firm and explain its features
Distinguish between the following.
Joint Hindu Family firm and Partnership
Feature of Partnership Firm?
State Whether the Following Statement Are True Or False (Give Reason).
A partnership agreement cen be verbal or written.
State Whether the Following Statement Is True Or False (Give Reason).
The liability of the Karta is limited and that of coparceners is unlimited.
Explain the merits of partnership.
Explain the limitations of partnership.
