This article will help you to learn about the difference between the Instalment system and the Hire purchase system. Difference between Instalment System and Hire Purchase System Hire Purchase System 1. Ownership: The ownership lies with the seller until the last instalment is paid by the buyer. 2. Rights of Seller: If the buyer fails to make the payment in [...]
This article will help you to learn about the difference between partnership and joint Hindu family business. Difference between Partnership and Joint Hindu Family Business Partnership Business 1. Formation: A partnership business comes into existence by mutual contact between the partners. 2. Admission of a Member: In partnership, a member is taken into the business by an agreement. 3. Members: [...]
This article will help you to learn about the difference between a partnership form and company. Difference between Partnership and Company Partnership 1. Act: A partnership is governed by the Indian partnership Act, 1932. 2. Registration: The registration of partnership is not compulsory but it is expected to be registered so that partners may exercise their rights between themselves and [...]