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Answer Posted / mohammedghousemohiuddin
this rule says that when a partnership firm is dissolved...
then first of all, all partners shall bring the realisation
loss in cash in their profit sharing ratio... following
that, if any partner is found insolvent then the solvent
partners who have credit balance in their capital a/cs
shall bear the loss of the insolvent partner in their
profit sharing ratio
| Is This Answer Correct ? | 31 Yes | 45 No |
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