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  3. 12th Class
  4. Accountancy

12th Class Accountancy Sample Paper Accountancy - Sample Paper-10

  • question_answer
    In case a question contains guarantee of profits by one partner to another partner, by the firm to a partner and by a partner to the firm. What sequence of payment should be followed?

    Answer:

    Following sequence should be followed- Firstly calculate the guarantee given by the partners to the firm. Then, calculate the guarantee given by the firm to a partner. Then, calculate the guarantee given by a partner to another partner.


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