Multiple Choice Questions on When a partner is given guarantee by other partners loss on such guarantee will be borne by ........ for Commerce 12th Preparation

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Multiple Choice Questions

When a partner is given guarantee by other partners loss on such guarantee will be borne by ........

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    When a partner is given guarantee by other partners, loss on such guarantee will be borne by :

    Partnership firm

    Incorrect Answer

    All the other partners

    Incorrect Answer

    Partners who give the guarantee

    Correct Answer

    Partner with highest profit sharing ratio.

    Incorrect Answer
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    Explanation:

    Partners who give the guarantee

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