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प्रश्न
Why is partnership considered by some to be a relatively unpopular form of business ownership?
उत्तर
Partnership is considered to be a relatively unpopular form of business ownership because of the various limitations associated with it. These limitations include unlimited liability, limited resources, possibility of conflicts and lack of continuity.
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संबंधित प्रश्न
In partnership the liability of partners of a firm is unlimited.
Define 'partnership firm'. Explain its merits and demerits.
A Joint Stock Company can raise huge capital.
Write the word. or phrase or tenn which can substitute the following statement~:
The senior most family member of a Joint· Hindu family firm.
Features of Joint Stock Company?
Distinguish between the following.
Joint Hindu Family firm and Partnership
State with reasons whether the following statement true or false.
In a partnership the liability of every partner of a firm is unlimited.
Write short answer of the following.
Define partnership and state its important features.
Feature of Partnership Firm?
State Whether the Following Statement Are True Or False (Give Reason).
A partnership agreement cen be verbal or written.
Explain the limitations of partnership.
The business assets of an organisation amount to Rs. 50,000 but the debts that remain unpaid are Rs. 80,000. What course of action can the creditors take if
(a) The organisation is a sole proprietorship firm
(b) The organisation is a partnership firm with Anthony and Akbar as partners. Which of the two partners can the creditors approach for repayment of debt? Explain giving reasons
Define the following business entities:
Partnership
The Partnership Act limits the maximum number of partners in a non-banking partnership firm to ______.
