Question

If third party assume is anyone as partner then what will be his liability after taking his credit
OUnlimited
OLimited
O No liability
O liability as per share​

Answer 1

Answer:

When a partner agree to pay the liabilities or take over any asset then firm will make the realisation account and respective partner who take over the asset will credit in realisation account and if he agree to pay the liabilities then his account will debit in realisation account .

Explanation:

so he as no liability