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Give the Word / Term Or Phrase Which Can Substitute the Following Statement. the Partner Who is Entitled to Share Profits Only. - Book Keeping and Accountancy

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प्रश्न

Give the word / term or phrase which can substitute  the following statement.

The partner who is entitled to share profits only.

एक शब्द/वाक्यांश उत्तर
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उत्तर

Partner in profits only

Explanation: A partner who has the right to share the profits of the partnership firm without being liable to bear losses is regarded as a partner in profits only. Such a partner also does not take part in the management of the business.

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पाठ 1: Introduction to Partnership - Exercise 2 [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 2 | Q 12 | पृष्ठ १३
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