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Commerce · Q2366

Accounting

Graduate and Post Graduate · Commerce · question 2366

Q2366

In what proportion the deficiency of insolvent partner's capital is shared by other partners as per decision of Garners Vs. Murray:

A.
In profit sharing ratio
B.
In capital ratio
Answer
C.
In pre-distribution capital ratio
D.
Gaining ratio

Answer: Option B

Solution

Answer: Option B
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