When a partner is given guarantee by the other partner, loss on such guarantee will be borne by ____

All the other partners

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Partnership firm

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Partner with highest ratio

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Partner given guarantee

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Solution

The correct option is D Partner given guarantee
b' A partner may be bearing losses in a Partnership Firm. If a partner (who is a minor) is admitted for the benefits of partnership, in such cases, minors are entitled to share only profits of the firm'

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