Any partner who investments in the business but does not take active part in the business is:
A) secret partner
B) sleeping partner
C) active partner
D) nominal partner
Correct Answer:
Verified
Q14: An ordinary partnership business can have:
A)not more
Q15: In the absence of an agreement profit
Q16: In the absence of an agreement, Interest
Q17: Current accounts of the partners should be
Q18: Investment in partnership is made by introducing:
A)cash
B)none
Q20: The written agreement of partnership is called:
A)partnership
Q21: Under fixed capital methods, profit will be
Q22: The members of partnership firm are individually
Q23: Liability of partners in a partnership business
Q24: Capital of the partners are maintained by:
A)fixed
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