The assets of the firm to the tune of Rs. 60000 are sufficient to discharge the debts and liabilities of the partnership firm. In such a situation, the partners A, B and C bear deficiency in the proportion of profit sharing ratio 3; 4: 3 as per the partnership deed.

When firm assets are sufficient to discharge all debts and liabilities, there is no deficiency to distribute among partners. The statement correctly indicates that if there were any deficiency, it would be borne in profit-sharing ratio (3:4:3), but the premise states assets ARE sufficient, so this scenario doesn't actually apply here.