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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

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

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प्रश्न

Answer in one sentence only.

What is liability of a partner?

एका वाक्यात उत्तर

उत्तर

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

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Partnership
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 1: Introduction to Partnership and Partnership Final Accounts - Exercise 1.1 (Objective Questions) [पृष्ठ ५३]

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बालभारती Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
पाठ 1 Introduction to Partnership and Partnership Final Accounts
Exercise 1.1 (Objective Questions) | Q I. F. 10) | पृष्ठ ५३

संबंधित प्रश्‍न

Liability of partners in a partnership business is ________.


Write the word/phrase/term, which can substitute the following sentence.

Partnership agreement in written form.


Liabilities of Partners in Partnership firm is ______.


Do you agree/disagree with the following statement:

Partnership is an association of two or more persons.


State any two characteristics of partnership form of business organization. 


Registration of Partnership is ______ in India.


To find out Net Profit or Net Loss of the business ______ account is prepared.


When there is no partnership agreement between partners, the division of Profits take place in ______ ratio.


Find  the odd one.


Write the word/phrase/term, which can substitute the following sentence.

Under this method, capital balances of partners remain constant.


Write the word/phrase/term, which can substitute the following sentence.

Proportion in which partners share profits.


State whether the following statement is True or False with reason:

A partnership firm is a Non-Trading Concern.


State whether the following statement is True or False with reasons :

The balance sheet is an Account.


Liabilities of partners in partnership firm is ______.


Analogy

Knot in a thread : ______  friction; ball bearing : ______ friction.


Do you agree/disagree with the following statements.

Partnership Firm is a trading concern.


Match the following.

Coloum I Coloum II
a) Static friction Viscoity
b) Kinetic friction Least friction
c) Rollong friction Objects are in motion
d) Friction between the liquid layers Objects are sliding
e) Siding friction Objects are at rest

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The liability of partners in a partnership business is ______.


Write the word/phrase/term, which can substitute the following sentence.

Proportion in which partners share profits.


Find odd one.


Answer in one sentence only.
What are the objectives of the Partnership Firm?


The Indian Partnership act is in force since ______.


Answer in one sentence only:

What are the objectives of the Partnership firm?


 Answer in one sentence only:

What are the objectives of the Partnership firm?


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