Question 4
on
The amount finally left unpaid
partner's capital account should be in
Capital ratio
Profit sharing ratio
Equally
Ratio of drawings
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The amount finally left unpaid partner's capital account should be in equal ratio.
Explanation:
- When a business is not performing well, then the firm has the right to dissolve it with the consent of all the partners.
- Dissolution means completely shut down the business and it can not be continued further.
- In this case, if there is an amount that is left unpaid then all the partners are equally liable to pay the amount.
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