CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Introduction to Partnership

Registration ...

Question

Registration of a partnership firm can be affected _______.

A

Just after commencement of business

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

As soon as partnership deed is ready

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Any time during continuation of the business

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Within six months of entering into an agreement

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D Any time during continuation of the business
The Partnership Act, 1932 does not make the registration of partnership firm compulsory. Thus, an unregistered partnership firm is not an illegal association. ... A firm may be registered at any time by filing an application with the Registrar of the area in which any place of business of the firm is situated.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Change in the nature of business of a partnership firm can be made.....

Q. Registration of a partnership firm ________.

In dissolution of a partnership, the business of the firm is ___

Q. Sneha after her course in designing started taking jobs for designing logo, wedding cards, pamphlets, advertisements etc. Her work became quite popular and she had continuous orders. She decided to have a separate office with some staff to help her. She was suggested by her father to have a business organization and run it properly.
(a) Her business was constantly growing and she was facing problems with handling all orders and finishing them on time. Her friend Pooja, who was also a designer, proposed to join her as a business partner. Sneha was confused whether to continue her business as a sole trader or convert it into a partnership firm. As a true friend of Sneha, you are required to suggest the advantages and disadvantages of a partnership business. (two each)
(b) Sneha and Pooja decide to form a partnership firm and do the business together. Suggest them on the following issues with proper reasons.
(i) What kind of liability will they have and how will it affect them?
(ii) How is 'Particular Partnership' different from 'Partnership at Will' ?
(iii) Is it necessary for them to have an agreement and register their firm?

Q. The business in a partnership firm may be carried on by __________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Partnership

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Introduction to Partnership

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon