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  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    If a partner individually carries on any business of the same nature as competing with that of firm, he shall account for

    A) retire from partnership

    B) all profits made by him

    C) dissolve the firm  

    D) None of these

    Correct Answer: B

    Solution :

    [b] all profits made by him


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