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  • Sole Proprietorship and Joint Hindu Family Business

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    Sandeep Manipatruni
    11 visualizzazioni4 pagine
    Sole proprietorship and Hindu Undivided Family (HUF) business are two common forms of business organization in India. A sole proprietorship is owned and managed by one individual, while an HUF business is owned by members of an extended joint Hindu family. The document provides examples of each type of business and asks six questions to further distinguish and discuss the key features, merits, limitations, and conditions for suitability of sole proprietorships and HUF businesses.

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    Chapter 2

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    Sole proprietorship and Hindu Undivided Family (HUF) business are two common forms of business organization in India. A sole proprietorship is owned and managed by one individual, while an HUF business is owned by members of an extended joint Hindu family. The document provides examples of each type of business and asks six questions to further distinguish and discuss the key features, merits, limitations, and conditions for suitability of sole proprietorships and HUF businesses.

    Copyright:

    © All Rights Reserved
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    11 visualizzazioni4 pagine

    Sole Proprietorship and Joint Hindu Family Business

    Caricato da

    Sandeep Manipatruni
    Sole proprietorship and Hindu Undivided Family (HUF) business are two common forms of business organization in India. A sole proprietorship is owned and managed by one individual, while an HUF business is owned by members of an extended joint Hindu family. The document provides examples of each type of business and asks six questions to further distinguish and discuss the key features, merits, limitations, and conditions for suitability of sole proprietorships and HUF businesses.

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    © All Rights Reserved
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    di 4

    SOLE PROPRIETORSHIP AND JOINT HINDU FAMILY

    BUSINESS
    Sole proprietorship
    ______________________________________________________________________________
    ______________________________________________________________________________
    Examples
    ______________________________________________________________________________

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    HUF
    ______________________________________________________________________________
    ______________________________________________________________________________
    Examples
    ______________________________________________________________________________

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    Answer the following questions
    a)
    b)
    c)
    d)
    e)
    f)

    Distinguish between Sole Proprietorship and HUF. [5]


    Discuss the merits of Sole Proprietorship [5]
    Discuss the features of HUF [5]
    Under what conditions is sole proprietorship suitable? [5]
    Discuss the limitations of HUF[5]
    What are the features of Sole Proprietorship? [5]

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