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AP
Question Practice

In the case of a profit guarantee, how is the deficiency typically covered?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

In the case of a profit guaran...

Single Answer MCQ
Q-00082038

In the case of a profit guarantee, how is the deficiency typically covered?

1

By reducing the partner's future share of profits

2

From the general reserve of the partnership

3

By the guaranteeing partner(s) in the agreed ratio

4

By increasing overall business revenue

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Q4.

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