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Section 48 Losses Questions

Practice 1 Section 48 Losses questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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Practice by Exam:Accountancy(1)

About Section 48 Losses — practice questions, PYQs & concepts

Section 48 Losses is a frequently-tested topic on Accountancy. ExamTest.live currently lists 1 Section 48 Losses questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Section 48 Losses weight in competitive exams

Across our Section 48 Losses question bank, the largest sources are Accountancy (1). Click any exam chip above to drill down to that exam-specific question set.

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All Section 48 Losses Questions(1–1 of 1)

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Q1mediummcqAccountancyCUET Accountancy2026
As per Section 48 of the Indian Partnership Act, 1932, which of the following sources will be systematically utilized, and in what sequence, to pay off firm losses, including capital deficiencies?(A) Out of accumulated Profits(B) Out of the Capital of Partners(C) By partners individually in their profit-sharing ratio(D) Out of Creditors' Personal AssetsChoose the correct answer from the options given below:

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We have 1 Section 48 Losses questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
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Section 48 Losses questions are commonly asked in Accountancy. You can filter by exam using the links above.
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Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.