CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

The members of partnership firm are individually called as ________.

A
director
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
investor
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
partner
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
manager
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B partner
Persons who have entered into partnership with one another to carry on a business are individually called "partners". But the liability of partners with regard to its business is just like a proprietorship, is not limited to their share in business but also personal properties of the partners are at stake.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Calculating Salary/Commission
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon