Business Studies, asked by Revanthkodukula9132, 10 months ago

Identify the type of partners in the following situation:
(a) The liability of Sridhar, a 25 years old partner is limited to the extent of his
capital contribution.
(b) Madan has neither contributed any capital nor shares the profits of the firm
though he is treated as a partner.
(c) Sunita has been admitted to the benefits of the firm at the age of 15.
(d) Sudhir had contributed to capital and shares the profit and loss of the firm.
But he does not take part in the day-to-day activities.
(e) A firm declares that Sachin is a partner of their firm. Knowing the declaration
Sachin did not disclaim it

Answers

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1

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