Question

What
do you
mean by
partner -
in-profits
only?​

Answer 1

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Partner in Profits Only: A partner sharing the profits of the business without making himself responsible for losses, if any, is known as partner in profits only. He contributes capital and is also liable to the third parties like other partners.

Answer 2

Answer:

HI MATE

Partner in Profits Only: A partner sharing the profits of the business without making himself responsible for losses, if any, is known as partner in profits only. He contributes capital and is also liable to the third parties like other partners.

hope it helps you mate.

please thank and mark my answer as brainliest.

@ ANUSHA ❤✌