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Commerce · Q551

Accounting

Graduate and Post Graduate · Commerce · question 551

Q551

On the insolvency of partner, the deficiency of his capital account is borne by the solvent partners, according to the decision of Garner Vs. Murray's in

A.
equal ratio
B.
capital ratio
Answer
C.
profit sharing ratio
D.
none of the above

Answer: Option B

Solution

Answer: Option B
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