1 Most VSAQ’s of Partnership Firm Chapter in Inter 1st Year Commerce (TS/AP)

2 Marks

VSAQ-1 : What do you mean by Active partner? (OR) Define active partner. (OR) Who is an active partner in partnership? (OR) Who is active partner.

Active partners, also referred to as working partners, are individuals within a partnership who play an active role in the daily operations and management of the business. They contribute capital to the firm and share both its profits and losses.