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Froggy Jumps
Froggy Jumps

Basics of Partnership Company

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Basics of Partnership Company

Froggy Jumps

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About this activity

Accounting

Created by

Jayashree Rajendran
Jayashree Rajendran
Oman

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Basics of Partnership Company
 

Froggy Jumps

Basics of Partnership CompanyOnline version

Accounting

by Jayashree Rajendran
1

partnerships and LLCs are primarily governed

2

A commercial company is a

3

A commercial company consist of

4

Why a partnership might be more suitable than a joint stock company?

5

If the assets of a partnership are not sufficient to pay its liabilities, creditors can claim to partners’ personal assets. it is called as

6

If some persons join hands to carry on some charitable activity, this type of company belongs to

7

The liability of one or more general partners is

8

The liability of one or more limited partners is

9

A short-term business venture carried out jointly by two or more individuals, where profits and losses are shared according to a mutually agreed ratio, is known as a

10

Limited liability company shall consist of

11

The issued share capital of a public joint stock company is not less than

12

The issued share capital of a closed joint stock company

13

A holding company is:

14

For a company to become a subsidiary of a holding company, the holding company must own at least:

15

A One-Person Company (OPC) is:

16

Ahmed establishes "Ahmed Trading LLC," where he is the only owner and shareholder. This is an example of:

17

A Partnership Deed is:

18

Why is it advisable to have a written Partnership Deed?

19

Interest on Capital will be allowed to partners only if:

20

If a partner gives a loan to the firm, he is entitled to interest at:

 
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