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Question
Partnership Firm is a trading concern.
Options
Agree
Disagree
Solution
I Agree with the given statement.
Explanation:
A partnership firm is a trading concern as it is formed with the objective of carrying out business and earning profits. In a partnership, two or more individuals come together to conduct business activities, share profits, and bear losses as per the agreed ratio. Since trading concerns are those engaged in buying and selling goods or services for profit, a partnership firm qualifies as one.
RELATED QUESTIONS
When there is no partnership agreement between partners, the division of Profits takes place in ________ ratio.
State whether the following statement is True or False with reasons.
Partnership firm is a Non-Trading Concern.
Liabilities of Partners in Partnership firm is ______.
Registration of Partnership is ______ in India.
Assertion: The SI system of the units is the suitable system for measurements
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Answer in one sentence only:
If the Partnership Deed is silent, in which ratio the partners will share the profit or loss?
Do you agree/disagree with the following statement.
When Partnership Deed is silent, Partners share profits of the firm according to capital ratio.
`"Median"= L +[(N/2 -cf)/(f)]xxh`
`|(sqrt(3)-1/sqrt(3))/(1+sqrt(3)xx1/sqrt(3))|`
`lim_(x→4) [([x(x-4)^2]^9)/((x-4)^18 (x+3)^18)]`
`log_p log_p root(p)(root(p)(root(p)(............root(p)(p))))`
`x^(x^(x^x)`
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\ce{H}\phantom{..........}\ce{H}
\end{array}\]
\[\begin{array}{cc}
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|\\
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\phantom{.....}|\phantom{....} |\\
\phantom{. }\ce{H - O - H3}\\
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\phantom{........}\ce{CH3}\phantom{....}\ce{OH}\phantom{........}
\end{array}\]
\[\begin{array}{cc}
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|\ \phantom{....} |\ \phantom{....}|\ \phantom{....} |\ \phantom{...}|\\
\ce{H - C - C - C - C - C - H}\\
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\phantom{...}\ce{H}\phantom{...}\ce{H}\phantom{.....}\ce{H}\phantom{...}\ce{H}\phantom{....}\ce{H}\phantom{....}\\
\end{array}\]
Answer in one sentence only :
What are the objectives of the Partnership firm?
State whether the following statement is True or False with reasons:
Partnership firm is a Non-Trading Concern.
The Indian Partnership Act is in force since ______
The Indian Partnership Act is in force since ______.
Find odd one
Answer in one sentence only :
What are the objectives of the Partnership firm?
What are the objectives of the Partnership firm?
Answer in one sentence only:
What are the objectives of the Partnership firm?
Answer in one sentence only:
What are the objectives of the Partnership firm?
Answer in one sentence only:
What are the objectives of the Partnership firm?
