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Question
Write a word or a phrase or a term which can substitute the following.
A partner in partnership firm who takes active participation in day to day work.
One Line Answer
One Word/Term Answer
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Solution
A partner in partnership firm who takes active participation in day to day work- Active Partner.
Explanation:
Active partners are the one who contribute capital and take part in the management of the business. They share profits and losses and have unlimited liability.
shaalaa.com
Registration of a Partnership Firm
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