When a guarantee is given to a partner by some partners, deficiency on such guarantee is borne by

Anurag Pathak
April 4, 2023
[CBSE] Fundamentals of Partnership Firm, Accountancy Class 12th

1.03K viewsApril 9, 2023[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

Anurag Pathak28.60K April 4, 2023 0 Comments

When a guarantee is given to a partner by some partners, deficiency on such guarantee is borne by

a) All of the other partners

b) Partnership Firm

c) Partner who gave the guarantee

d) None of the partners

Anurag Pathak Changed status to publish April 9, 2023

Add a Comment

1 Answer

Anurag Pathak28.60K Posted April 4, 2023 0 Comments

Ans – c)

Explanation:-

When a guarantee is given by one partner or a few partners to the other partners. The Deficiency is borne by only those partners who gave the guarantee.

Anurag Pathak Changed status to publish April 4, 2023

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 8132

Telegram Channel

Telegram Channel

When a guarantee is given to a partner by some partners, deficiency on such guarantee is borne by

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions