Partnership is a form of business organisation in which business debts can be recovered from

The managing partners

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All the managers and partners

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The firm and the managers

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The firm and all the partners

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Solution

The correct option is D The firm and all the partners
Option D is the correct answer.

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Similar questions

Q. The business assets of a firm are worth Rs. 70,000 but the debts remain unpaid are worth Rs. 1,00,000. What course of action can the creditors take in the following cases:
(i) The organisation in sole proprietorship firm.
(ii) The organisation in partnership firm with Anthony and Akbar, two partners sharing profit equally.

Q. The business assets of an organisation amount to Rs.50,000 but the debts that remain unpaid are 80,000. What course of action can the creditors take if :
(a) The organisation is a sole proprietorship firm?
(b) The organisation is a partnership firm with Anthony and Akbar as partners? Which of the two, partners can the creditors approach for repayment of debt? Explain giving reasons.

The business assets of an organisation amount to Rs. 50,000 but the debts that remain unpaid are Rs. 80,000. What course of action can the creditors take if
(a) The organisation is a sole proprietorship firm
(b) The organisation is a partnership firm with Anthony and Akbar as partners. Which of the two partners can the creditors approach for repayment of debt? Explain giving reasons

A partner who contributes capital but does not take part in the business management of a firm.

The structure in which there is separation of ownership and management is called

(a) Sole proprietorship

(b) Partnership

(d) All business organisations

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Partnership is a form of business organisation in which business debts can be recovered from

The correct option is D The firm and all the partnersOption D is the correct answer.

The correct option is D The firm and all the partners
Option D is the correct answer.