Question Text
Question 1 :
In which of the following business organisations, minor can also be a member?
Question 2 :
<span>Which of the </span>following <span>business enterprises, places </span><span>the most </span>risk <span>on a single</span><span> person?</span>
Question 3 :
The liability of each number of the HUF business is _________.
Question 4 :
Profits do not have to be shared. The statement refers to ____________.
Question 7 :
_________ is one who becomes partner by an agreement and is actively engaged in the business of the firm.
Question 8 :
A partnership firm can be formed with a minimum share capital of <span><br></span>
Question 9 :
Which of the following can be treated as advantage of HUF form of business?<br/>I. The liability of the co-parceners is limited, except for that of karta.<br/>II. A HUF business is not affected by the insolvency or death of karta.<br/>Select the correct answer from the options given below.
Question 11 :
The transfer by a company of one or more of its business divisions to another newly set up company is called _____________.
Question 12 :
Which of the following can be treated as disadvantages of HUF form of business?<br/>
Question 13 :
Statement X : Karta is the custodian of the income and assets of the HUF<br>Statement Y: An adopted son who is the eldest in the family can be qualified to be a Karta of HUF.