Joint Life Policy amount received by a frim is distributed in:
A. Opening Capital Ratio
B. Closing Capital Ratio
C. Old Profit-sharing Ratio of Partners
D. New Profit-sharing Ratio
Answer:C
Joint Life Policy amount received by a frim is distributed in:
A. Opening Capital Ratio B. Closing Capital Ratio C. Old Profit-sharing Ratio of Partners D. New Profit-sharing Ratio