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प्रश्न
State whether the following statement is True or False with reasons.
Partnership firm is a Non-Trading Concern.
विकल्प
True
False
MCQ
सत्य या असत्य
उत्तर
Partnership firm is a Non-Trading Concern. - False
Explanation:
The main aim of the partnership firm is to earn maximum profit. The partnership is a trading concern. It undertakes either manufacturing or distributive activities with the sole aim of earning profit and distribute that profit among the partners in a specific ratio. It is never formed for charitable purposes.
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क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [पृष्ठ ५१]
