Nominal partner, Active partner, Dormant partner, Minor as a partner.

This statement is False. Balances of Nominal Accounts are transferral to Trading and Profit and loss accounts of the year to find Gross Profit and Net Profit.

Correct Answer - D Correct assertion. 1,2-dichloroethane is optically inactive as it has no chiral carbon atom Correct reason. Meso compound are opticaly inactive.

A minor partner is a partner who is admitted into the partnership firm for the benefit of the firm with the consent of all partners.

1. A partner who only lends his name and reputation to the partnership firm is called as nominal partner.  2. He is simply obliging his friends by allowing the firm to...

1. Active partner is also called a working partner. He brings in capital and also takes active part in the business of the firm.  2. He has unlimited liability and shares...

It is registered for future projects. It has not made any accounting transactions in the last two years. It has not submitted a financial statement or annual report in the last two...

Correct Answer is  Co-parcener

A dormant partner is a partner in a partnership firm who contribute capital, shares profit and contributes to the losses of the firm, but does not take active participation in...

1. A partner who takes active participation in day-to-day working of the firm, is called as active partner. 2. He is also called as ordinary/general/ actual/ working partner. 3. He acts as...

1. A partner who does not take active participation in day-to-day working of the firm, is called as dormant partner or sleeping partner. 2. He contributes to the capital of the...