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Commerce · Q1883

Accounting

Graduate and Post Graduate · Commerce · question 1883

Q1883

In case of insolvency of a partner, any balance in Reserve Fund or Profit and Loss A/c is distributed in all partners

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

Answer: Option B

Solution

Answer: Option B
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