English

The relation of the partner with the firm is that of Principal and an ______.

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Question

The relation of the partner with the firm is that of Principal and an ______.

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Solution

The relation of the partner with the firm is that of Principal and an agent.

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Chapter 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [Page 1.143]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q (C) 16. | Page 1.143
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