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Business Studies

Types of Partners , Partnership and Companies

All the liabi...

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All the liability of the members is___ to the extent of their share in the business in Joint Hindu family business

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Q. Fill in the blanks:
(a) The membership of a joint Hindu family business is acquired by _______.
(b) The liability of the Karta in a joint Hindu family business is _______.
(c) A member of the joint Hindu family business _______ demand division / of property.
(d) All the members of a joint Hindu family business_________ part in its management.
(e) A member of the joint Hindu family business________ call for account of past profits while leaving the business.

Q. In Hindu Undivided Family (HUF) from of business all the members of a Hindu undivided family own the business _______________.

Q. State whether the following statements are True or False:
(a) A joint Hindu family business is the result of a contract between the members of the family.
(b) Every member of a joint Hindu family business is an agent of the firm.
(c) There is no limit on the number of members in a joint Hindu family business.
(d) Female members of a family do not have a share in the joint Hindu family business according to darabhaga
(e) A joint Hindu family business is not dissolved on the death of a member.

Q. What is the liability of Karta in Joint Hindu Family Business?

Q. In HUF form of business all the members of a hindu undivided family own the business ________.

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