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प्रश्न
Explain the following term/concept:
Nominal Partner.
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उत्तर
- A partner who only lends his name and reputation to the partnership firm is called a nominal partner.
- He is simply obliging his friends by allowing the firm to use his name as a partner.
- He may or may not be given any share in the profits of the firm.
- He does not contribute to the capital of the business.
- He is liable to the debts of the firm.
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संबंधित प्रश्न
Complete the sentence.
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Answer in one sentence.
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Answer in one sentence.
What do you mean by partner-in-profits only?
Correct the underlined word and rewrite the following sentence.
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Explain the following term/concept:
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Justify the following statement.
All partners are joint owners of the Partnership firm.
Attempt the following:
Explain different types of Partners.
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Explain the features of a partnership firm.
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Answer in one sentence:
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
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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?
What document outlines the rules, roles, profit-sharing, and terms between partners in a partnership firm?
