Forms of Busine...

Which of the following sentence in relation to "Cooperative Societies" are correct?
(1)  There should be minimum of 20 members to 
       for cooperative society but there is no 
       maximum limit for the membership.
(2)  According to Indian Cooperative Societies 
       Act, 1912, each society must transfer at
       least one-third of its profits to general
       reserve.
(3)  Cooperative Societies may distribute
       maximum up to 90 per cent of its surplus 
       as dividend to its members and can spent
       another 10 per cent for the welfare of the 
       members.   

The business in which only a single owner arranges the capital is ____________.

The partners enter into partnership through an agreement which may be _________.
(I)    Verbal
(II)   Written 
(III)  Implied 
 The correct answer is :-

Every business enterprise is an independent undertaking.

Partnership is an agreement between _______________.

____________ is the most flexible kind of business Organisation.

Which of the following are a form of a business enterprise?

The members of an HUF are also known as _______.

Profit sharing among members in an HUF is done  _______.

An HUF continues to exist even upon the death of the Karta.