Steps involved ...

Agreement to share profits in a partnership firm ________.

In which of the following cases, a partnership firm may be dissolved?
X. On the death of a partner.
Y. On the insolvency of a partner
Z. On the retirement of a partner
Correct option is _______________.

Person doing business solely is known as ________.

Statement A : Easy to form is advantage of sole proprietorship form of business.
Statement B: Easy to wind up is advantage of sole proprietorship form of business.

Sole proprietorship form is most suitable ___________.

A business started by only one person is called________.

The business started by a group of persons can be ________.

The Court may not dissolve the firm in case of __________.

Which of following form of business is the most simple and common in our country?

Which of the following statement is/are TRUE and which is/are FALSE?
I. Sole proprietorship business includes only shopkeepers.
II. In sole proprietorship business the proprietor has full control over each and every activity of the business. 
III. The sole proprietor is always in a position to maintain good personal contact with the customers and employees.

Select the correct answer from the options given below: