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Answer in one sentence only. What is liability of a partner? - Book Keeping and Accountancy

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Question

Answer in one sentence only.

What is liability of a partner?

One Line Answer
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Solution

Liability of a partner (except minor partner) is unlimited.

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Chapter 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [Page 53]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 1 Introduction to Partnership and Partnership Final Accounts
Exercise 1.1 (Objective Questions) | Q I. F. 10) | Page 53
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