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Standard XII
Accountancy
Purpose of Financial Statements
Which of the ...
Question
Which of the following acts are outside the implied authority of a partner?
A
Take payment of sales proceed
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B
To engage staff for firm
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C
Purchase and sale of goods in the name of the firm
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D
Acquire immovable property on behalf of the firm
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Solution
The correct option is
C
Acquire immovable property on behalf of the firm
Option D is the correct answer.
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