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Under Garner vs Murray rule the capital deficiency of an insolvent partner is generally borne in which ratio?

Answer and explanation

Correct answer: Ratio of final capitals of solvent partners

Under Garner vs Murray solvent partners bear the deficiency in the ratio of their final capitals. Focus on the words final capitals in exams.

Related tags

DissolutionGarner Vs MurrayCapital DeficiencyPartner AccountsDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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