Business Studies, asked by mvramana4414, 1 year ago

What is the liability of each partner in a partnership firm?
(a) Limited
(b) Partly limited
(c) Unlimited
(d) None of them

Answers

Answered by chetansharma786

Answer:

(A) LIMITED

Explanation:

this is the correct answer

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Answered by XxMissPaglixX

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$.Types of Partnerships1. General Partnership: Liability of partners is unlimited and they are collectivelyresponsible for the liabilities of the business.(a) Particular partnership-When partnership is started for certain work, it iscalled particular partnership.(b) Partnership at will-It continues upto the time the partners have faith ineach other, it can be dissolved at a notice by any partner.2. Limited Partnership: The liability of some partners is limited, while liabilityof some is unlimited. This form of partnership is not prevalent in India.3. Limited Liability Partnership : In this form of partnership, the liability ofpartners is limited to the unpaid amount on their shares. The concern has aseparate legal entity.....$

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What is the liability of each partner in a partnership firm? (a) Limited (b) Partly limited (c) Unlimited (d) None of them

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What is the liability of each partner in a partnership firm?
(a) Limited
(b) Partly limited
(c) Unlimited
(d) None of them