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AP
Question Practice

What is the primary purpose of guaranteeing a minimum profit to a partner?

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

What is the primary purpose of...

Single Answer MCQ
Q-00082036

What is the primary purpose of guaranteeing a minimum profit to a partner?

1

To enhance the partner's retirement benefits

2

To ensure that the partner receives at least a specified profit

3

To increase the overall profits of the partnership

4

To minimize the partner's capital contribution

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