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P is indebted to the firm for a sum of Rs. 500 and the firm files a suit against him on 1.3.2008. will the firm succeed if the firm is not registered:a)No, because the firm is unregisteredb)No, because the sum dies not exceeds Rs. 1000c)No, because P is not knowing about the debtd)None of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about P is indebted to the firm for a sum of Rs. 500 and the firm files a suit against him on 1.3.2008. will the firm succeed if the firm is not registered:a)No, because the firm is unregisteredb)No, because the sum dies not exceeds Rs. 1000c)No, because P is not knowing about the debtd)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for P is indebted to the firm for a sum of Rs. 500 and the firm files a suit against him on 1.3.2008. will the firm succeed if the firm is not registered:a)No, because the firm is unregisteredb)No, because the sum dies not exceeds Rs. 1000c)No, because P is not knowing about the debtd)None of theseCorrect answer is option 'A'. Can you explain this answer?.

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