WorksheetsC for Commerce
Total questions: 10
Worksheet time: 8mins
Name the business which is known as a one-man-show business.
Partnership
Employment
Sole trader
Karta
A partner who lends his name to the firm.
Active partner
Dormant Partner
Nominal Partner
Minor Partner
The maximum number of partners in the banking business is
(a)
Which Act governs Partnership business in India?
Sole Trader enjoys limited liability.
I agree
I strongly Agree
I disagree
I strongly disagree
Which is not a feature of a sole trader?
Unlimited liabilities
No legal Status
Flexibility
Profit-sharing
What is Partnership Deed?
LLP stands for
(a)
In this type of Partnership, businesses get dissolve after completion of a task or project.
Limited Partnership
Partnership at will
Particular Partnership
General Partnership
A partnership can be oral or written. Comment
