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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 5 · Set 2 · Q1
Assertion (A): In partnership firm, the private assets of the partners can also be used to pay off the firm's debts. Reason (R): The liability of the…
Assertion (A) : In partnership firm, the private assets of the partners can also be used to pay off the firm's debts. Reason (R) : The liability of the partners for acts of the firm is limited. Choose the correct option from the following :
Official answer
(D)
Assertion (A) is true, but Reason (R) is false
Marking-scheme solution
(D)
Assertion (A) is true, but Reason (R) is false.
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.