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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?

एका वाक्यात 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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पाठ 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
पाठ 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.

Admission of new individual into existing business has given birth to _____________


Complete the sentence.

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


Answer in one sentence.

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


Correct the underlined word and rewrite the following sentence.

Indian Partnership Act, 1940 is applicable in India.


Explain the following term/concept:

Partnership Firm.


Answer in brief.

State any four types of partners.


Justify the following statement.

All partners are joint owners of the Partnership firm.


Justify the following statement.

Active partners take active part in day to day management of partnership firm.


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?


Answer in one sentence.

What is Quasi Partner?


Answer in one sentence.

What is Quasi Partner?


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______.


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