When Guarantee is given to a partner by the other partners, loss on such guarantee will be borne by
When a Guarantee is given to a partner by the other partners, loss on such guarantee will be borne by
a) Partnership Firm
b) Partners who gave the guarantee
c) All of the other partners
d) Partners with the highest profit-sharing ratio
Anurag Pathak Changed status to publish April 9, 2023
Ans – b)
Explanation:-
When a guarantee is given by one or more partners to the other partners. Loss on the such guarantee is borne by those partners who gave the guarantee.
Anurag Pathak Changed status to publish April 5, 2023
