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Commerce · Q507

Accounting

Graduate and Post Graduate · Commerce · question 507

Q507

Under Garner vs Murray rule, in the event of dissolution of a partnership firm, solvent partner will have to share the deficiency of insolvent partner in

A.
Profit Sharing Ratio
B.
Adjusted Capital Ratio
Answer
C.
Sacrificing Ratio
D.
None of these

Answer: Option B

Solution

Answer: Option B
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