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Commerce · Q2168

Accounting

Graduate and Post Graduate · Commerce · question 2168

Q2168

A dominant partner is one:

A.
Who has a smaller financial interest in the business
B.
Who represents himself as a partner of holding out
C.
Who neither contributes any capital nor takes any active part in the management
D.
A partner who has larger financial interest in the business
E.
Who is not known to the outsiders but possesses real interest in the business and share in the profits of the business
Answer

Answer: Option E

Solution

Answer: Option E
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