FEATURES OF PARTNERSHIP FIRMS 1)Agreement Partnership is an outcome of an agreement between two or more persons to conduct the busines...

FUNCTION OF WAREHOUSING Warehouse preserve goods on large scale in systematic and orderly manner. They provide protection to goods again...

Features of sole trading concern 1)single ownership business   The ownership of sole trading remains only with a single person called,...

Merits and demerits of sole trading concern Merits 1)Ease in formation There are minimum formalities in the formation of sole tradin...

FEATURES OF JOINT HINDU FAMILY BUSINESS 1)joint ownership The business is jointly owned by all the members of joint Hindu family. Thre...

MERITS And DEMERITS OF JOINT HINDU FAMILY BUSINESS MERITS 1)Easy  to start Joint Hindu family business is very easy to form. It beco...

MERITS AND DEMERITS OF PARTNERSHIP FIRM MERITS 1)Easy formation Formation of partnership firm is easy, less expensive and does not i...