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Maharashtra State BoardHSC Commerce (English Medium) 12th Standard Board Exam
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Syllabus

What is ‘Liability of Partners’ ? - Book Keeping and Accountancy

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Question

What is ‘liability of partners’ ?

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Solution

The ‘liability of partners’ are joint, several and unlimited as mentioned in ‘Indian Partnership Act - 1932’.

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Q 1.1.1
2014-2015 (March)

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2014-2015 (March) (with solutions)
Q 1.1.1 | 1 mark
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