12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    Oustensible partners are those who:

    A) do not contribute any capital but get some share of profit for lending their name to the business

    B) contribute very less capital but get equal profit

    C) do not contribute any capital and without having any interest in the business, lend their name to the business

    D) contribute maximum capital of the business

    Correct Answer: C

    Solution :

    [c] do not contribute any capital and without having any interest in the business, lend their name to the business


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