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: Option E
This Question Belongs to Commerce >> Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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