Skip to content
Swamonk EduCare
  • Toggle website search
Menu Close

Blog

  1. Home>
  2. Doubts>
  3. Accountancy

Is a sleeping* partner liable to the acts of other partners?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Yes, sleeping partner is liable to the acts of other partners.


Please Share This Share this content

  • Opens in a new window X
  • Opens in a new window Facebook
  • Opens in a new window Pinterest
  • Opens in a new window LinkedIn
  • Opens in a new window Viber
  • Opens in a new window VK
  • Opens in a new window Reddit
  • Opens in a new window Tumblr
  • Opens in a new window Viadeo
  • Opens in a new window WhatsApp

Read more articles

Previous PostState the provisions of Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered.
Next PostIn the absence of partnership deed, what is the ratio in which the profits of a firm are divided among the partners?

You Might Also Like

Give two circumstances in which sacrificing ratio may be applied.

September 26, 2022

State one transaction which results in an increase in ‘Liquid Ratio’ and no change in ‘Current Ratio’.

October 3, 2022

On 1st June, 2017, R Energy Ltd. issued 10,000, 7% Debentures of Rs. 100 each at a discount of 10% redeemable at a premium of 10% at the end of five years. All the debentures were subscribed and allotment was made. Prepare the Balance Sheet (extract) as at 31st March, 2018.

July 18, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Address:94, Block A, New Industrial Town - 2, Faridabad, Haryana 121001
  • Contact:+91-8826447899Opens in your application
  • Email:[email protected]Opens in your application
Terms of Use | Privacy Policy | Cookies Policy
© 2019-2025 Swamonk - All Rights Reserved
Close Menu
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site it will imply that you agree with Swamonk EduCare's Terms of Use .Ok