An idea of operating as a partnership would include ________________.

greater power than a sole trader for decision making

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being able to raise capital through share issues

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access to larger amount of initial capital

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limited liability for all partners

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Solution

The correct option is B access to larger amount of initial capital
Option C is the correct answer.

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Similar questions

Q. The capital of a sole trader would change as a result of ____________________.

Q. State with reasons whether the following statements are true or false.
1. There is no limit for membership in Joint Hindu family Business.
2. The liability of a Karta in a Joint Hindu family firm is limited.
3. The maximum number of members in a Joint Hindu family is 20.
4. Company form of organization has developed before industrial revolution.
5. A joint stock company can raise huge capital.
6. Share holders can manage the business.
7. The ownership and management are not separate in Joint stock company.
8. The main purpose of a co-operative organization is to earn profit.
9. The membership of a co-operative society is voluntary.
10. Co-operative society differs from other forms of commercial organizations.
11. Maximization of profit is the main motto of co-operative society.
12. In partnership agreement may be oral or written.
13. In a partnership the liability of every partner of a firm is unlimited.
14. The owner of the sole proprietorship is the sole decision maker of his business.
15. Sole Proprietorship is useful for small business.
16. A sole trading concern is easiest to form.

Q. One advantage of operating as a partnership would include ____________.

The share of A in a partnership is Rs.1200 more than that of B, but capital of A is invested for 8 months while capital of B for 12 months. If the share of A of the yearly profits is the same as that of B, then what is the capital of A?

Q. A, B and C were in partnership sharing profits and losses in the ratio of 2 : 1 : 1. They decided to dissolve the partnership. On that date of dissolution, Sundry Assets (including cash ₹ 5,000) amounted to ₹ 88,000, assets realised ₹ 80,000 (including an unrecorded asset which realised ₹ 4,000). A contingent liability on account of bills discounted ₹ 8,000 was paid by the firm. The Capital Accounts of A, B and C showed a balance of ₹ 20,000 each.
Prepare Realisation Account, Partners' Capital Accounts and Cash Account.

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An idea of operating as a partnership would include ________________.

The correct option is B access to larger amount of initial capitalOption C is the correct answer.

The correct option is B access to larger amount of initial capital
Option C is the correct answer.