Accountancy, asked by farhanhashmi820, 4 months ago

Distinguish between firm's debt and partner's debt

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Answered by lakshmanmaiti20

22

Answer:

Distinguish between firm's debts and partner's private debts. It refers to those debts that are borrowed against the name of the firm. It refers to those debts that are borrowed personally by the partner. All the partners of the firm are jointly and separately liable for the firm's debt.

Explanation:

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Answered by mohammedsofi190

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