CA CPT Model Test Paper 12 with solutions for online practice

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Question : 38 of 199

Marks: +1, -0

Guarantee given to a partner Mohan by the other partner Suresh and Mahesh means

In case of Loss or insufficient profit ‘Mohan’ will withdraw the minimum guaranteed amount
In case of Loss ‘Mohan’ will not contribute towards that loss
Even in case of sufficient profit ‘Mohan’ will receive only the minimum guaranteed amount
None of the above

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