Tag: elements of business
Questions Related to elements of business
Persons who have entered into partnership with one another are collectively called ____________.
Which of the following purpose is permissible in a partnership?
Any change in the relations of partners due to admission, retirement or death of partner is called _______________.
In which of the following case the dissolution of partnership takes place even when there is no dissolution of the firm?
N & Z are partners in a firm dealing in stationery. N placed order in the firm's name and on the firm's letter pad for $10$ bags of wheat to be supplied at his residence _______________.
In which of the following case the dissolution of partnership takes place even when there is no dissolution of the firm?
Who can give Public Notice of retirement of partner?
Where the continuing partners carry on the business of the firm, the outgoing partner whose claim is not settled.
X. is entitled to share of profits since date of cessation as partner.
Y. is not entitled to claim anything other than unsettled amount
Z. is entitled to $6\%$ interest p.a. on the unsettled amount.
Select the correct answer from the options given.
A, B, C are partners on death of B, A and C continue the firm's business. This is a case of ________.
A firm is compulsory dissolved if ___________.