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Answer in one sentence. What do you mean by partner-in-profits only?

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Question

Answer in one sentence.

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

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Solution

A partner-in-profits only is a partner who gets into an agreement to share only the profits of the partnership firm and not the losses.

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Chapter 4: Forms of Business Organisation - I - EXERCISE [Page 92]

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Balbharati Organisation of Commerce and Management [English] Standard 11 Maharashtra State Board
Chapter 4 Forms of Business Organisation - I
EXERCISE | Q 1. H) 8) | Page 92

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