Give the meaning of ‘Liability of Partners’ as a feature of partnership. (C.B.S.E 2020) Post category:Accountancy Reading time:1 mins read SOLUTION The liability of partners is unlimited jointly and severally. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is the status of partnership firm from an accounting viewpoint? Next PostWhat is the minimum number of partners a firm should have? You Might Also Like In case of fluctuating capitals, where will you record drawings and interest on drawings? September 23, 2022 Does partnership firm has a separate legal entity? Give reason in support of your answer. September 23, 2022 Quick ratio of a company is 1.5: 1. State giving reason whether the ratio will improve, decline or not change on payment of dividend by the company. October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
In case of fluctuating capitals, where will you record drawings and interest on drawings? September 23, 2022
Does partnership firm has a separate legal entity? Give reason in support of your answer. September 23, 2022
Quick ratio of a company is 1.5: 1. State giving reason whether the ratio will improve, decline or not change on payment of dividend by the company. October 3, 2022