Forms of Business Organisation — Business Studies STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesForms of Business Organisation1 Mark
Question
Briefly explain the following terms in brief.
Karta.
✓
Answer
Karta: The business is controlled by the head of the family who is the eldest member and is called karta. The liability of all members except the karta is limited to their share of co-parcenery property of the business. The karta, however, has unlimited liability.
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