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Answer in one sentence. What do you mean by minor partner?

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प्रश्न

Answer in one sentence.

What do you mean by minor partner?

एक पंक्ति में उत्तर
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उत्तर

A minor partner is a partner who is admitted into the partnership firm for the benefit of the firm with the consent of all partners.

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अध्याय 4: Forms of Business Organisation - I - EXERCISE [पृष्ठ ९२]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 4 Forms of Business Organisation - I
EXERCISE | Q 1. H) 6) | पृष्ठ ९२

संबंधित प्रश्न

State True or False:

Partnership agreement may be oral or written.


Complete the sentence.

A partner who takes active participation in the day to day working of the business is known as _____________


Complete the sentence.

When there is no provision in partnership agreement regarding time period for partnership then it is known as _____________.


Answer in one sentence.

What do you mean by partnership firm?


Correct the underlined word and rewrite the following sentence.

In a Partnership firm, minimum three members are required.


Correct the underlined word and rewrite the following sentence.

Indian Partnership Act, 1940 is applicable in India.


Explain the following term/concept:

Partnership Firm.


Explain the following term/concept:

Nominal Partner.


Distinguish between:

Partnership Firm and Joint Hindi Family.


Answer in brief.

State any four types of partners.


Attempt the following:

Explain the features of a partnership firm.


Answer in one sentence.

What is Quasi Partner?


Answer in one sentences.

What is Quasi Partner?


Answer in one sentence.

What is Quasi Partner?


Answer in one sentence.

What is Quasi Partner?


Answer in one sentence.

What is Quasi Partner?


Mr. Sawant a Chartered Accountant by profession and Mrs. Tambe, an Architect by profession running a firm namely ‘ST Firms’ in Nagpur.

  1. Identify the form of business organisation in the above example.
  2. Is it a registered organisation?
  3. What is the Profession of Mr. Sawant?

According to the features of partnership shown in the image, what is required for a partner to transfer their ownership interest to someone outside the firm?


Dr. Sharma and Dr. Mehta jointly manage a clinic, share the profits, losses, and responsibilities. Their business is best classified as a______.


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