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Answer in one sentence. What do you mean by minor partner? - Organisation of Commerce and Management

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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

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 a general partnership?


Study the following case situation and express your opinion:

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

  1. Identify a business in the above example.
  2. Comment on it?
  3. Which two professions are mentioned here?

Answer in brief.

State any four types of partners.


Justify the following statement.

All partners are joint owners of the Partnership firm.


Attempt the following:

Explain different types of Partnership Firms.


Attempt the following:

Explain different types of Partners.


Attempt the following:

Explain the features of a partnership firm.


Answer in one sentence.

What is Quasi Partner?


Answer in one sentence.

What is Quasi Partner?


Answer in one sentence.

What is Quasi Partner?


Which law defines a partnership in India and provides its legal framework?


What document outlines the rules, roles, profit-sharing, and terms between partners in a partnership firm?


Which of the following is a major demerit of partnership firms?


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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