Advertisements
Advertisements
Question
Complete the sentence.
A partner who takes active participation in the day to day working of the business is known as _____________
Advertisements
Solution
A partner who takes active participation in the day to day working of the business is known as active partner.
APPEARS IN
RELATED QUESTIONS
Complete the sentence.
When there is no provision in partnership agreement regarding time period for partnership then it is known as _____________.
Correct the underlined word and rewrite the following sentence.
Indian Partnership Act, 1940 is applicable in India.
Study the following case situation and express your opinion:
Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by professing running a firm namely ‘Buildsheet’ in Nagpur.
- Identify a business in the above example.
- Comment on it?
- Which two professions are mentioned here?
Distinguish between:
Partnership Firm and Joint Hindi Family.
Justify the following statement.
Active partners take active part in day to day management of partnership firm.
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence:
What is Quasi Partner?
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?
Answer in one sentence.
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?
Which law defines a partnership in India and provides its legal framework?
Which of the following is a major demerit of partnership firms?
Dr. Sharma and Dr. Mehta jointly manage a clinic, share the profits, losses, and responsibilities. Their business is best classified as a______.
