Question

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.

1. Identify a business in the above example.
2. Comment on it?
3. Which two professions are mentioned here?

Answer 1

1. Partnership firm
2. It is a voluntary association of two persons with a common objective in mind.
3. A Chartered Accountant and an Architect.