Question

Mr govind is going for a foreign Assignment for a period of three years. He sold all his Furniture and earned money more than he had spent to purchase the same. Will it be considered as a bussines? Also explain the Characterstic of bussiness which is being stressed upon in the above said examples?

Answer 1

Answer:

Yes , this is considered as business

Explanation:

Business means putting a investment and making profit and accepting loss. In this situation Mr.Govind had made profit by selling his furniture so it is considered as business

Answer 2

Answer:

No,regular basis not followed

Explanation: