Showing posts with the label Introduction to Business

Define the term Business and Profession and discuss the taxability and scope of business or profession also writes the deductions admissible under this head

Business;- Business means any trade.commerce,marketing,manufacturing process or commercial activity which deals …

Disadvantages of Partnership

Here we discuss about some main and important demerits or disadvantages of partnership. Following are the main disadvan…

Advantages of Partnership

There are many merits or advantages of partnership. We can throw light on main and important merits or advantages of pa…

What is Partnership Deed or Partnership Agreement and discuss Main Provisions of partnership Deed or Partnership Agreement

Partnership Agreement or Partnership Deed :- In the Partnership agreement terms and conditions relating to partnersh…

Different types or kinds of partners

Following are the important kinds or types of partners : 1. Active Partner :- A person who provides his share in ca…

Define Partnership and main Features or Characteristics of Partnership

According the partnership Act 1932 it is defined in the following words : " Partnership is the relation between…

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