Question

Nominal Partners
dy the following case/situation and express your opinion.
Rachunath is running business from last 30 years. This business is ancestoral business
of Mr. Raghunath Kiran and Naman, two sons of Mr. Raghunath are helping him along
with their wives
i) Find out types of business-
Who is Raghunath?
m) What Kiran & Naman are called?
Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by
profession running a firm namely 'Buildsheet' in Nagpur.
Identify business in above examples.
in comment on it
i) which two professions are mentioned here.
tinguish between
Private Limited Company and Public Limited Company
Sole Trading Concern & Partnership Firm
Partnership Firm & Joint Hindu Family
Coneratis Si
toint Ste Coman​

Answer 1

Answer:

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Answer 2

Answer:

1. ancestoral business

2. raghunath is businessman for past 30 years

3. kiran and naman are two sons of raghunath

Explanation:

4. chartered accountant and architect

5. pvt ltd company is a pvt holding company.

public ltd company is government holding company