1 Section 48 Losses questions from CUET Accountancy with detailed answers and explanations. Free previous year questions and MCQs.
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Section 48 Losses — CUET Accountancy(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:
CUET Accountancy Section 48 Losses — FAQ
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