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If capital balances of solvent partners are thirty thousand and twenty thousand, in which ratio will deficiency be shared?

Answer and explanation

Correct answer: Three is to two

The ratio of thirty thousand and twenty thousand is three is to two. Garner versus Murray uses capital ratio.

Related tags

Solvent PartnersCapital RatioGarner Versus MurrayPartner AccountsDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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