what is quasi partner??
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Subject:
Accountancy -
Author:
kysonbenitez -
Created:
1 year ago
Answers 1
Quasi partnership:-
1. It is an implied partnership of joint parties who conducts business ventures.
2. They have partnership kind of expectations from each other.
3. He/she is someone who is no more a member of the business or retired from the business but has his/her share in the business.
4. He/she does not share the profits or losses of the firm anymore.
5. He/she lends his/her name only for the benefit of the firm.
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Author:
timoteoblake
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Rate an answer:
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