# In which type of business, all owners share in gains and losses and all have unlimited liability for all business debts? with Answer - Finance Mcqs | TestPrep

> Solved MCQ: In which type of business, all owners share in gains and losses and all have unlimited liability for all business debts? Correct Answer: B. General Partnership. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# In which type of business, all owners share in gains and losses and all have unlimited liability for all business debts?

Direct Answer & Quick Reference

The correct option is **B. General Partnership**.

A. Sole-proprietorship

B. General Partnership **(Correct Answer)**

C. Limited Partnerhsip

D. Corporation

✨ Explain with AI

Verified Key: B. General Partnership
Solved by 2,851+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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