Vidyalelo
Commerce · Q1928

Accounting

Graduate and Post Graduate · Commerce · question 1928

Q1928

A partner of a firm becomes insolvent, loss due to it will be shared by other partners:

A.
equally
B.
in the ratio of their capital
C.
in profit sharing ratio
Answer
D.
none of the above

Answer: Option C

Solution

Answer: Option C
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