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  • Partnership Act - II
  • The deficiency on account of insolvency is borne by the s...
Multiple choice

The deficiency on account of insolvency is borne by the solvent partners in ________ ratio(s).

  1. equal

  2. profit sharing

  3. capital

  4. any of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

As per Garner V. Murray case, the deficiency is borne in capital ratio just before dissolution.

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