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Forms of Busine...

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  • Question 1
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    A partner may retire from an existing firm __________________.

  • Question 2
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    To bind the firm under implied authority, the act must be done in the _____________.

  • Question 3
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    A joint HUF business ceases to exist on the death of the KARTA.

  • Question 4
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    If profit sharing ratio is not specified in the partnership deed, then the profit is shared ________________.

  • Question 5
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    What is a Partnership?

  • Question 6
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    What is the maximum number of partners permissible for a firm carrying on general business?

  • Question 7
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    How may a partnership come into existence?

  • Question 8
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    ____________ are preferred when one needs to convey information in writing.

  • Question 9
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    Which of the following statement is correct?

  • Question 10
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    The liability of sole proprietor is

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