Accounting · Partnership
Match the description of partners in Column I with their respective types in Column II: Column I: I. One who takes active part in business activities II. One who does not take part in day-to-day business activities III. One who lends his name to a partnership firm but actually is not a partner Column II: (a) Dormant partner (b) Nominal partner (c) Active partner
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I - (a); II - (b); III - (c)
- 2I - (b); II - (a); III - (c)
- 3I - (c); II - (b); III - (a)
- 4I - (c); II - (a); III - (b)✓
Correct answer
I - (c); II - (a); III - (b)
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