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Liability of partners in a partnership business is ________. - Book Keeping and Accountancy

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Question

Liability of partners in a partnership business is ________.

Options

  • Limited

  • Unlimited

  • Limited and Unlimited

  • None of the above

MCQ
Fill in the Blanks
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Solution

Liability of partners in a partnership business is unlimited.

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Chapter 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [Page 50]

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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. A. 5) | Page 50
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