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प्रश्न
Explain the following term/concept:
Partnership Firm.
उत्तर
- It is a voluntary association of two or more persons With a common objective.
- It is formed by an agreement called Partnership deed.
- It is governed by the Indian Partnership Act, 1932.
- Registration of partnership firm is optional as per the Partnership Act, 1932.
- In Maharashtra, registration of partnership firm is made compulsory
APPEARS IN
संबंधित प्रश्न
State True or False:
Partnership agreement may be oral or written.
State True or False:
In a partnership firm, the liability of every partner is limited, joint and several.
Answer in one sentence.
What do you mean by partnership firm?
Answer in one sentence.
What do you mean by minor partner?
Answer in one sentence.
What do you mean by partner-in-profits only?
Correct the underlined word and rewrite the following sentence.
In a Partnership firm, minimum three members are required.
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?
Answer in brief.
State any four types of partners.
Justify the following statement.
All partners are joint owners of the Partnership firm.
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
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?
