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प्रश्न
Justify the following statement.
Active partners take active part in day to day management of partnership firm.
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उत्तर
- An active partner is also called a working partner. He brings in capital and also takes an active part in the business of the firm.
- He has unlimited liability and shares the profits and losses of the firm.
- He is also called a managing partner.
- Thus, active partners take an active part in the day to day management of the partnership firm.
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संबंधित प्रश्न
State True or False:
Partnership agreement may be oral or written.
Answer in one sentence.
What do you mean by partnership firm?
Answer in one sentence.
What do you mean by minor partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What do you mean by a general partnership?
Explain the following term/concept:
Partnership Firm.
Explain the following term/concept:
Nominal Partner.
Distinguish between:
Partnership Firm and Joint Hindi Family.
Attempt the following:
Explain different types of Partnership Firms.
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?
Mr. Sawant a Chartered Accountant by profession and Mrs. Tambe, an Architect by profession running a firm namely ‘ST Firms’ in Nagpur.
- Identify the form of business organisation in the above example.
- Is it a registered organisation?
- What is the Profession of Mr. Sawant?
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?
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______.
