Question

Que. No. 11
1.5 marks
When the amount realised from the sale of assets is not sufficient to pay in
full the firm's liabilities, such deficiency is borne
A) by the partners in their profit sharing ratio
B) by the creditors in the ratio of their outstanding amount
C) by the partners equally
D) by the partners in the ratio of their capitals
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Answer 1

Answer:

the answer is B) by the creditors in the ratio of their outstanding amount