Forms of Busine...

Member in HUF other than KARTA are called as _____________.

A minimum of ____________ are required to start a partnership business.

The Hindu Undivided Family business is governed by ____________.

Statement X : Karta is the custodian of the income and assets of the HUF
Statement Y: An adopted son who is the eldest in the family can be qualified to be a Karta of HUF.

In HUF form of business all the members of a hindu undivided family own the business ________.

Which of the following can be treated as disadvantage of HUF form of business?

Which of the following can be treated as advantage of HUF form of business?
I. The liability of the co-parceners is limited, except for that of karta.
II. A HUF business is not affected by the insolvency or death of karta.
Select the correct answer from the options given below.

Which of the following can be treated as advantage of HUF form of business?

How partners are liable for the debts and obligations of the firm?
(i) Jointly
(ii) Severally
Select the correct answer from the options given below:

Which of the following is/are disadvantage of partnership firm?