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प्रश्न
Write short note on the following.
Merits of a partnership firm
उत्तर
Merits of a partnership firm:
i. Easy formation: It requires an agreement (oral or written) between two or more partners for its formation. Thus, easy
formation.
ii. Sharing of risks: The risks in a partnership firm are shared jointly by all partners. This reduces the burden on each partner.
iii. Balanced decision making: Decision making is balanced, as all decisions are taken collectively by all partners.
iv. Confidentiality: As a partnership firm is not required to publish its accounts or submit its reports legally, confidentiality and
secrecy of information are maintained.
v. Greater flexibility: A partnership firm enjoys greater flexibility because not many restrictions are there under the Partnership
Act.
vi. Greater availability of resources: As partners pool their capital and resources, the business gets higher amount of funds
for its operations.
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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 partnership firm the liability of partners is ________.
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.
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.
