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Commerce · Q2421

Accounting

Graduate and Post Graduate · Commerce · question 2421

Q2421

As per Garner V. Murray Rule, the loss resulting from a partner's insolvency is borne by other partners in

A.
equal ratio
B.
their capital ratio
Answer
C.
their profit sharing ratio
D.
3 : 1 ratio

Answer: Option B

Solution

Answer: Option B
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