Question

'Reva Chemicals' is a partnership firm. Sona and Mona are two
partners in this firm. It is recorded in the Partnership Deed that Sona's
liability is unlimited, whereas Mona's is limited. Sona wants to set up
the Anti-Pollution plant in his factory, but Mona does not let him do
so. Almost all the transactions of this firm are done through the
internet. The firm Sells its goods to other Business units only. The
firm gets its Research and Development work done by another firm,
which is a specialist in such work.
i. Describe the type of partnership.

Answer 1

Answer:

the type of partnership is limited partnership

Explanation:

where in the liability of at least one person is unlimited where as the rest may have the limited liability as in the case Sona has unlimited liability and Mona has limited liability