Q2312
As per the decision in the Garner vs Murray case, when the partner's capital accounts are fixed, any loss arising due to the capital deficiency in the insolvent partner's capital account is to be borne by solvent partners in the ratio of . . . . . . . .
A.
profit sharing ratio
B.
last agreed capital ratio
AnswerC.
sacrificing ratio
D.
gaining ratio
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board