Any partner who investments in the business but does not take active part in the business is:

Related MCQs

• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• Every partner has a right to be consulted in all matters affecting the business of:
• Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
• In the absence of an agreement, Interest on loan advanced by the partner to the firm is allowed at the rate of:
• A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?
• Salary paid to partner should be:
• At the time of admission of a new partner the firm is:
• At the time of admission an incoming partner contributes as goodwill: