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 replyYou must be logged in to post a comment.
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