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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

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

  • question_answer
    If firm gives guarantee to a partner then who will sacrifice for this guarantee?

    A) All partners equally

    B) Only that partner who has maximum profit

    C) All partners in profit or Loss sharing ratio

    D) All of the above

    Correct Answer: C

    Solution :

    [c] All partners in profit or loss sharing ratio


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