Hindu undivided family business - class-XI
Identify which statement is true and which is false?
$1.$ Any person can become member of HUF.
$2.$ In a HUF business, in the event of death of any of the co-parcener, his wife can claim share of profit.
$3.$ In a HUF business, the liability of the karta is Unlimited.
Select the correct answer from the options given below.
Any person can become member of HUF.
The Hindu Undivided Family business governed by ______________.
Which of the following statements is incorrect ?
Which of these statements is true in respect of a Joint Hindu Family business?
Which of these is not true _________.
A HUF should be registered with ___________.
Karta of HUF is the ________ of his family.
Who all can be Coparceners in HUF?
Members of HUF are known as ______.
Head of HUF is known as ______.
In case of HUF what are liabilities of coparcener and Karta?
When partnership is between two HUF than ____________.
Identify which statement is true and which is false?
1. Any person can become member of HUF.
2. In a HUF business, in the event of death of any of the co-parcener, his wife can claim share of profit.
3. In a HUF business, the liability of the karta is Unlimited.
Select the correct answer from the options given below.
Which of the following can be treated as disadvantage of HUF form of business?
Profit sharing among members in an HUF is done according to _______.
The members of an HUF are also known as _______.
The liability of the karta is __________.
The business affairs of an HUF is managed by _______.
An HUF continues to exist even upon the death of the Karta.
A HUF cannot enter into partnership agreement with others.
Karta is a person with limited powers, but, within the ambit of his sphere, he possesses such vast powers as are possessed by none else.
Which of the following is an advantage of HUF?
What is the maximum strength of HUF?
Increase in the number of working women and the rise in no family households are examples of _______________.
Karta in HUF is _______ of his family.
The head of the Joint Hindu Family business is called ________.
A and B are joint owner of a house. They rent it out of C and divide the net rent equally. A & B are ________.
Every partner is personally liable for the debts of the firm; in a joint family business only __________ is personally liable.
HUF is governed by __________.
In a Hindu Undivided Family business only the _____ get a share in the business by virtue of their being part of the family.
In Hindu Undivided Family (HUF) from of business all the members of a Hindu undivided family own the business _______________.
Which of the following can be treated as advantage of HUF from of business?
In a HUF business, in the event of death of any of the co-parcener, his wife can claim share of profit.
In a HUF business all co-parceners have equal share in the profits of the business.
In a HUF business, the liability of the karta is _______________.
The liability of each member of the HUF business is _____________.
Which of the following can be treated as advantage of HUF form of business?
Which of the following can be treated as disadvantages of HUF form of business?
No stranger can ever be qualified to be a karta, but an adopted son who is the eldest in the family can be qualified.
Which of the following is/are features of KARTA in HUF form of business?
Which of the following can be treated as advantages of HUF form of business?
Which of the following can be treated as disadvantages of HUF form of business?