Name the form of business organization where the members are jointly as well as individually liable for payment of firm's debts.

3) Name the basic document prepared for partnership firm.

4) Name the type of partner who contributes capital and shares profits and losses but does not take part in the day-to-day management of the firm .

Which year Act governs Partnership firm?

What are the members in Joint Hindu Family business called and how is their liability?

7) Identify the type of partner: His association with the firm is not disclosed to the general public.

8) He allows the use of his goodwill to benefit the firm and can be represented as a partner.

9) Mayur and Manish are doing separate business if installing Centralized Air conditioning units in Mumbai. They enter into partnership contract to install Centralized Ac unit in a hotel in Shirdi. Identify the type of partnership.

10) Which is the simplest form of business organization?