Home » mcq » accounting » The liability of partners is . . . . . . . . .

The liability of partners is . . . . . . . . .

April 16, 2024 by rawan239

Limited

Unlimited

Both limited and unlimited

None of these

The correct answer is B. Unlimited.

A partnership is a business owned by two or more people. The partners share the profits and losses of the business. The liability of partners is unlimited, which

0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube

means that each partner is personally liable for the debts of the partnership. This means that if the partnership cannot pay its debts, the partners may have to sell their personal assets to pay off the debts.

Option A is incorrect because the liability of partners is not limited. Option C is incorrect because the liability of partners is not both limited and unlimited. Option D is incorrect because the liability of partners is unlimited.

Telangana and Karnataka GK MCQ (2575)

accounting (2134)

Bihar state GK MCQ (1950)

Haryana GK MCQ (1945)

Economics (1622)

Sentence improvement (1484)

Assam state GK MCQ (1479)

Synonyms (1421)

Jammu and kashmir GK MCQ (1388)

Himachal pradesh GK MCQ (1272)

Kerala state GK MCQ (1225)

Tamilnadu state GK MCQ (1193)

Preposition (1150)

Financial management (1120)

Gujarat state GK MCQ (1079)

Andhra Pradesh GK MCQ (1043)

Articles (1043)

Arunachal pradesh state GK MCQ (1026)

Manipur GK MCQ (1022)

chemistry (1020)

Indian politics (981)

Legal aspects of business (930)

Computer fundamental miscellaneous (918)

Banking and financial institutions (897)

sikkim GK MCQ (853)

Environmental Science (811)

Geography (757)

Artificial intelligence (756)

Insurance (752)

Indian railway (726)

Jharkhand GK MCQ (717)

punjab GK MCQ (697)

Building materials (686)

Basic general knowledge (682)

Mizoram GK MCQ (668)

Sentence completion (663)

Meghalaya GK MCQ (618)

Business management (603)

Visual basic (596)

Idioms and phrases (589)

Chhattisgarh GK MCQ (565)

Business and commerce (563)

Maharashtra GK MCQ (538)

Spelling check (537)

One word substitution (525)

Waste water engineering (522)

Building construction (508)

Cloud computing (507)

Classification (505)

Surveying (490)

Operating system (476)

Goa GK MCQ (473)

Applied mechanics and graphic statics (468)

Common error detection (457)

Object oriented programming using c plus plus (455)

Ms access (452)

Irrigation engineering (448)

Organic chemistry (432)

Engineering economics (426)

Ordering of sentences (422)

Hydraulics and fluid mechanics (422)

Internet and web technology (377)

Machine learning (371)

Rcc structures design (364)

Madhya Pradesh state GK MCQ (356)

Non metal and its compounds (352)

Odisha GK MCQ (349)

Selecting words (342)

Teaching and research (322)

Management information systems (321)

Chemistry in everyday life (296)

Days and years (293)

World geography (290)

Nagaland GK MCQ (289)

Sentence formation (278)

Construction planning and management (276)

Computer Hardware (270)

Power point (262)

Data science miscellaneous (260)

Direct and indirect speech (255)

Odd man out (254)

Environmental engineering (252)

Books and authors (252)

System analysis and design (234)

Statement and assumption (230)

Famous personalities (230)

Ecommerce (226)

Highway engineering (218)

Ordering of words (217)

World organisations (214)

Automation system (204)

Concrete technology and design of concrete structures (200)

Electronic principles (195)

Soil mechanics and foundation (194)

Jainism and buddhism (191)

Airport engineering (184)

Embedded systems (183)

Design of steel structures (182)

Railway engineering (182)

Hrm in commerce (181)

Internet of things (iot) (181)

Indian culture (176)

Electrical machine design (175)

Indian Polity (172)

technology (172)

Disk operating system (dos) (169)

Digital computer electronics (168)

Medieval history art and culture (166)

Theory of structures (162)

Vlsi design and testing (161)

agriculture (161)

Awards and honours (146)

Wireless Communication (143)

Linear Algebra (137)

Statement and arguments (132)

Data analysis with python (130)

Css properties, css elements, css functions and tables (129)

Indian Economy (124)

Transformers (123)

General science (116)

Css text, borders and images (115)

Signal processing (114)

Database systems (112)

Blood relation (111)

Electrostatics (106)

Bhakti movement (105)

D.c. Generators (105)

Indian history (103)

Introduction to data science (102)

D.c. Motors (101)

Missing character finding (100)

Current Affairs (99)

Series completion (99)

Single phase induction motors (99)

Economics of power generation (99)

Synchronous motors (99)

Electrolysis and storage of batteries (98)

General Knowledge (98)

Electronics and instrumentation (97)

Business finance (97)

Transistors (96)

Transmission and distribution (95)

Missing number finding (95)

A.c fundamentals, circuits and circuit theory (95)

Statement and conclusion (94)

Switchgear protections (94)

Electrical control systems (93)

Machine learning algorithms (92)

Course of action (91)

Information theory and coding (90)

Basics of organic reaction mechanism (89)

Business statistics and research methods (89)

Current electricity (89)

Data collection and preprocessing (87)

Business environment and international business (87)

Logical deduction (87)

Optical communication (81)

Number series completion (80)

Probability and statistics (72)

government (68)

Literature (68)

Indian Constitution (61)

environment (53)

statistics (49)

population (41)

Computer Science (40)

mathematics (40)

Ancient history art and culture (32)

Constitutional Law (31)

arithmetic (28)

Demography (28)

Science and Technology (21)

International Law (17)

international relations (17)

Earth Science (13)

Archaeology (13)

Islamic Law (12)

electricity (11)

Exit mobile version