Financial and Management Accounting

1: When it is not registered, a partnership firm is
A.
Deemed to be an illegal association and is disallowed to carryon business.
B.
Allowed to carryon business subject to payment of penalty.
C.
Allowed to carryon business subject to certain disabilities
D.
Allowed to carry on business only with the special permission of the Registrar of Firms.
 

Answer : C

Explanation :

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Option: A

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