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

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प्रश्न

Answer in one sentence.

What do you mean by partner-in-profits only?

एक पंक्ति में उत्तर
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उत्तर

A partner-in-profits only is a partner who gets into an agreement to share only the profits of the partnership firm and not the losses.

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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) 8) | पृष्ठ ९२

संबंधित प्रश्न

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Correct the underlined word and rewrite the following sentence.

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Indian Partnership Act, 1940 is applicable in India.


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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?


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?


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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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