As per Garner V/s Murray Rule, the deficiency attributable to the insolvency of a partner must be borne by other partner in ___________.
A. In the ratio of profit
B. In the ratio of capital
C. It should be borne equally
D. None of the above
Answer:B
As per Garner V/s Murray Rule, the deficiency attributable to the insolvency of a partner must be borne by other partner in ___________.
A. In the ratio of profit B. In the ratio of capital C. It should be borne equally D. None of the above