Question

Write any three advantages of joint Hindu family business​

Answer 1

Answer:

Merits of Joint Hindu Family Firm:

Stability: The existence of the Joint Hindu Family firm does not come to an end by the death, insanity, or bankruptcy of any coparcener.

Management: The organisation, management, and control of the business is vested in the karta of the family. ...

Liability: ...

Membership: ...

Credit worthiness: