Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
According to Prof. Handy (definition of partnership) |
Partnership is the relation existing between persons competent to make contract, who agree to carry on a lawful business in common with a view to earn private gain |
|
|
Min. and max. No. of members in a partnership firm according to companies act 2013 |
Min. 2 max. 50 |
|
|
If a partner want to dissolve the firm, advance notice should be given in ___ no. of days. |
14 day notice |
|
|
If distribution of profit sharing ratio is silent |
It's divided equally |
|
|
If date of drawings is not given |
Average of 6 months interest is charged on drawings |
