Study the following case/situation and express your opinion:

Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by profession running a firm namely ‘Buildsheet’ in Nagpur.

1. Identify business in above example.

2. Comment on it?

3. Which two professions are mentioned here?

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1 Answers

1. Partnership firm

2. It is a voluntary association of two persons with a common objective in mind.

3. A Chartered Accountant and an Architect.

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