accounting

accounting

University

10 Qs

quiz-placeholder

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accounting

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Assessment

Quiz

English

University

Hard

Created by

yuu otosaka

Used 5+ times

FREE Resource

10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One who is liable to the extent of his separate property after all the assets of the partnership are exhausted

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One who is designated to wind up or settle the affairs of the partnership after dissolution

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One who does not take active part in the business of the partnership though may be known as a partner

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One who takes active part in the business but is not known to be a partner by outside parties.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One who is liable only to the extent of his capital contribution.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One whom the partners has appointed as manager of the partnership.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One who does not take active part in the business of the partnership and is not known as a partner

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