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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
State True or False:
Partnership agreement may be oral or written.
State True or False:
In a partnership firm, the liability of every partner is limited, joint and several.
Complete the sentence.
Admission of new individual into existing business has given birth to _____________
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 do you mean by partner-in-profits only?
Explain the following term/concept:
Partnership Firm.
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Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by professing running a firm namely ‘Buildsheet’ in Nagpur.
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- Comment on it?
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Distinguish between:
Partnership Firm and Joint Hindi Family.
Answer in brief.
State any four types of partners.
Justify the following statement.
All partners are joint owners of the Partnership firm.
Answer in one sentence.
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Answer in one sentence:
What is Quasi Partner?
Answer in one sentences.
What is Quasi Partner?
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?
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