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Byju's Answer
Standard X
History
Rise of Communalism and Corruption
The corruptio...
Question
The corruption charge was a huge blow to his reputation and
his business suffered
to a great extent.
A
his business suffers to
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B
his business suffers on
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C
his business suffering to
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D
his business suffers on
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E
No correction required
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Solution
The correct option is
E
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Similar questions
Q.
Sumit borrowed a capital of Rs. 50,000 to start his food products business. In the first year he suffered a loss of 20%. He invested the remaining capital in a new sweets business and made a profit of 5%. How much was his profit or loss computed on his original capital ?
Q.
Sumit borrowed capital of Rs.
50
,
000
to start his food products business. In the first year, he suffered a loss of
20
%
. He invested the remaining capital in a new sweets business and made a profit of
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Q.
Explain whether the liability of a sole proprietor is limited to the extent of his share in business.
Q.
Abdul is a single owner of a shoe manufacturing business. His business was suffering from continuous losses. To revive his business and to expand, he took a loan of 20 lakhs from 'Progressive Finance Co.' In spite of starting new range of products and great effort by Abdul, business continued to suffer losses. This resulted in the declining assets and mounting debts. Abdul started defaulting on his repayment schedule. Finance company served him final notice to repay the loan and settle the account. He proposed the finance company to take over the business assets and clear their dues. Finance company took over the assets of the business in part settlement of their dues as the assets were not sufficient to settle the debts and they claimed the remaining amount from Abdul from his personal assets. Abdul refused to do so on the ground that loan was taken for the business and not by him for personal use.
1. Name the form of business organization followed by Abdul.
2. Is the finance company justified in asking for remaining amount from Abdul's personal assets? justify your answer by giving suitable feature of the business organization.
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Standard X History
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