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प्रश्न
State whether the following statement is True or False with reasons.
Partnership firm is a Non-Trading Concern.
पर्याय
True
False
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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संबंधित प्रश्न
Maximum number of Partners in a firm are ______ according to Companies Act 2013.
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What are the objectives of the Partnership firm?
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What are the objectives of the Partnership firm?
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What are the objectives of the Partnership firm?
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Answer in one sentence only:
What are the objectives of the Partnership firm?
