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Commerce · Q1705

Accounting

Graduate and Post Graduate · Commerce · question 1705

Q1705

According to Garner Vs. Murray in absence of any contract to contrary deficiency arising on account of a partner becoming insolvent shall be borne by solvent partners in their

A.
Profit and loss ratio
B.
Capital ratio obtained after dissolution of firm
C.
Capital ratio before the dissolution of firm
Answer
D.
Equal ratio

Answer: Option C

Solution

Answer: Option C
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