मराठी

When a partner is given a guarantee by other partners, the loss on such a guarantee will be borne by ______. - Accounts

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प्रश्न

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

पर्याय

  • Partnership firm

  • All the other partners

  • Partners who give the guarantee

  • Partner with highest profit sharing ratio.

MCQ
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उत्तर

When a partner is given a guarantee by other partners, the loss on such a guarantee will be borne by partners who give the guarantee.

Explanation:

When a partner is given a guarantee of minimum profit by other partners, and there is a shortfall in the actual profit earned by that partner, the loss due to the guarantee is borne by the partners who have given the guarantee, in the agreed ratio. If no ratio is specified, the loss is shared equally among the guarantors.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [पृष्ठ १.१८४]

APPEARS IN

डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q 71. | पृष्ठ १.१८४
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