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Multiple choice

P,Q and R are partners sharing profits in 5:3:1. Their capitals were 30,000 ; 20,000 and 10,000 respectively. R becomes insolvent. The deficiency of capital on insolvency of R would be borne by P and Q in ________.

  1. 5:3

  2. 3:1

  3. Equally

  4. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer

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