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Question 1 reset
Partnership is a relationship between two or more persons.
Question 2 reset
In the partnership firm, liability of each partner is
Question 3 reset
A limited company is an artificial person.
Question 4 reset
A company has a perpetual succession.
Question 5 reset
The common seal is affixed on all important documents and contracts of a company.
Question 6 reset
Shares are not freely transferable in private limited company.
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The maximum number of members is fifty in case of a public company.
Question 8 reset
Shareholder's liability is limited in a public company.
Question 9 reset
The minimum number of members to form a partnership firm is
Question 10 reset

Calculate Operating profit if

  • Gross profit = 9000
  • Distribution costs = 2500
  • Admin expenses = 500

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