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Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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the CA Foundation exam syllabus. Information about Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam.
Find important definitions, questions, meanings, examples, exercises and tests below for Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Following are the differences between Partnership and Joint Venture except:a)Joint venture is essentially planned for short term mainly for one transaction.However, partnerships are normally undertaken as going concerns and are expected to last for a very long period.b)The persons involved in a joint venture are called co-venturers whereas persons involved in a partnership are called partners.c)Any specific statute of the Government does not govern joint ventures but the Indian Partnership Act, 1932, governs partnerships.d)Memorandum of Understanding is mandatory to be drafted to spell the relationship between the co-venturers whereas the basic relationship between the partners is defined by the partnership deed.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.