Answer Posted / prajapati pravin
The loss on account of insolvency of a partner is a CAPITAL
loss which should be borne by the solvent partners in the
ratio of their capitals standing in the balance
The loss due to the insolvency of a partner should be then
be divided among the solvent partners in the ratio of
capitals standing after the partners have brought in cash
equal to their share of loss on realization.
| Is This Answer Correct ? | 37 Yes | 28 No |
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