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Can a partner be exempted from sharing the losses in a firm? If yes, under what circumstances? - Accounts

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प्रश्न

Can a partner be exempted from sharing the losses in a firm? If yes, under what circumstances?

अति संक्षिप्त उत्तर
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उत्तर

Yes, if all partners agree that one or more of them shall not bear the losses.

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अध्याय 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [पृष्ठ १.१२८]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 27. | पृष्ठ १.१२८
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