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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
    When a partner is given guarantee by other partners, loss on such guarantee will be borne by:

    A) partnership firm

    B) all the other partners

    C) partners who give the guarantee

    D) partner with highest profit sharing ratio

    Correct Answer: C

    Solution :

    [c] partners who give the guarantee


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