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प्रश्न
Select the proper option from the options given below and rewrite the completed sentence.
In partnership firm the liability of partners is ________.
विकल्प
limited
unlimited
non of above.
उत्तर
In partnership firm the liability of partners is unlimited.
Explanation:
Unlimited liability imply that, if a business’s assets are not sufficient to pay the business liabilities, then personal assets of the partners can be used to pay off the debts. Thus, in partnership firm the liability of partners is said to be unlimited.
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संबंधित प्रश्न
Statement with reasons whether the following statement is True or False
In a partnership firm, the liability of partners is unlimited.
State the registration procedure for a partnership firm
Select the proper option from the options given below and rewrite the completed sentence.
Registration of partnership firm is ________ in Maharashtra.
Select the proper option from the options given below and rewrite the completed sentence.
In a partnership firm every partner is the principal as well as the ________.
Select the proper option from the options given below and rewrite the completed sentence.
At least ________ persons are required to form a partnership firm.
Write a word or a phrase or a term which can substitute the following.
A partner in partnership firm who takes active participation in day to day work.
Distinguish between the following.
Partnership firm and Joint Stock company
Write short note on the following.
Merits of a partnership firm
Write short note on the following.
Type of partnership firm.
Write short answer of the following.
State the Registration of partnership and its procedure.
Explain the types of a partnership firm?
If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.
