accounting
Quiz
•
English
•
University
•
Practice Problem
•
Hard
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10 questions
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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.
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1 min • 1 pt
One who is designated to wind up or settle the affairs of the partnership after dissolution
3.
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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.
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1 min • 1 pt
One who takes active part in the business but is not known to be a partner by outside parties.
5.
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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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