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AP
Question Practice

When is a partner entitled to a guaranteed minimum profit?

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

When is a partner entitled to ...

Single Answer MCQ
Q-00082042

When is a partner entitled to a guaranteed minimum profit?

1

When profits exceed total contributions

2

When the firm's overall profits do not meet the guarantee

3

On the discretion of the other partners

4

When the partnership is dissolved

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Q4.

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