In the case of partnership firm,the capital is 500000 and the assets are 200000 and the net loss is 1000000.Who will pay the loss of 300000
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Partners share this loss
In there profit and loss sharing ratio.
RohithBatchu:
sorry i wanted to ask it in the case of limited partnership firm
where the liability of the partners is limited to the extent of their share capital
5 partners are there and each contributed 100000
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