Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Dissolution of a Partnership Firm › What is a partner's net private asset?
What is a partner's net private asset?
APrivate assets plus firm's assets
BPrivate assets minus private liabilities
CPrivate assets plus private liabilities
DPrivate assets minus drawings
Answer & Solution
Correct answer: B. Private assets minus private liabilities
Partners contribute towards a firm's deficiency from private assets after meeting private liabilities.
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