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Q. Liability of partners in a partnership business is:

Q. Commission paid is a

Q. When good will is brought in cash by new partner, method is known as:

Q. Which of the following reserves which can be utilised to make partly paid shares into fully paid up:

Q. An account operated to ascertain the loss or gain at the death of a partner is called:

Q. Cash A/c is a ________ A/c.

Q. On the retirement of a partner any reserve being should be transferred to the capital account of:

Q. Which of the following statement is false:

Q. The accounting procedure at the retirement of partner is valued:

Q. A new partner may be admitted to a partnership: