In which ratio, capital deficiency of an insolvent partner is distributed among solvent partners, when Garner Vs. Murray applies?
A. Profit-Loss ratio
B. Opening capital ratio
C. Capital ratio before charging dissolution profit and loss
D. Equal ratio
Answer:C
In which ratio, capital deficiency of an insolvent partner is distributed among solvent partners, when Garner Vs. Murray applies?
A. Profit-Loss ratio B. Opening capital ratio C. Capital ratio before charging dissolution profit and loss D. Equal ratio