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Answer in One Sentence Only. Who is Called a Nominal Partner? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.
Who is called a nominal partner?

एका वाक्यात उत्तर
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उत्तर

A nominal partner is a partner who is paid a certain amount of fee for lending his name to the firm, which is important for building recognition of the firm. He’s also called a limited partner, as he neither invests in the business nor actively participates in its affairs.

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पाठ 1: Introduction to Partnership - Exercise 1 [पृष्ठ १३]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
पाठ 1 Introduction to Partnership
Exercise 1 | Q 5 | पृष्ठ १३
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