Correct the underlined word and rewrite the following sentence:
The partnership business has less capital as compared to Sole Trading concern.
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(i) A sole trading concern ensures …………….. business secrecy.
(i) (a) maximum (ii) (b) co-parcener (iii) (a) KARTA (iv) (b) compulsory (v) (a) limited
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Distinguish between the following: Sole Trading Concern and Joint Hindu Family Business.
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A sole trading concern has ………………. liability.
Correct option is (b) unlimited
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A sole trading concern is ……………….. form of business organisation.
Correct option is (b) oldest
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Sole Trading Concern, Partnership Firm, Joint Stock Company, Co-operative Society.
Co-operative Society
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Partnership at will, Partnership for a particular period, Limited Liability Partnership, Partnership for a particular venture.
Limited Liability Partnership
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(Consumer co-operatives, Partnership for a fixed period, Sole trading concern, Karta, Secret partner.)
Group A Group B (i) Apana Bazar Consumer Cooperatives (ii) ) Karta takes utmost care of business in a Joint Hindu Family Firm (iii) Partnership formed for 6 months Partnership for a fixed period (iv) Secret partner is not...
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(Sole trading concern, Joint Hindu Family Business, Minimum 2 directors, Partnership Firm, Co-operative Societies.)
Group A Group B (i) Private Company Minimum 2 directors (ii) Sole Trading Concern Beauty parlour (iii) Principal-Agent relationship Partnership Firm (iv) Tax Concession Co-operative Societies (v) Joint Hindu Family Business Partition of business
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(Partnership Firm, Sole Trading Concern, Partnership firm, Co-operative Societies, Private company.)
Group A Group B (i) Public Company Minimum 7 members (ii) Private Company Minimum paid up capital Rs 1,00,000 (iii) Owned and controlled by one person Sole Trading Concern (iv) Registration Compulsory in Maharashtra Partnership firm (v) Co-operative societies Democratic Management
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