A partner who is entitled to share in the profits of a partnership firm without being liable to the losses, is called:
A. Partner in Profits only
B. Sleeping Partner
C. Active Partner
D. Dummy Partner.
Answer:A
A partner who is entitled to share in the profits of a partnership firm without being liable to the losses, is called:
A. Partner in Profits only B. Sleeping Partner C. Active Partner D. Dummy Partner.