Accountancy, asked by ameyphadkale09, 1 month ago

The person how bears insolvency loss of an insolvent partner​

Answers

Answered by XxInnocentPaglixX
1

Explanation:

The capital deficiency of an insolvent partner is borne by all other solvent partners in their profit -sharing ratio.

Answered by xXBabyDollXx00
1

Answer:

According to Garner vs Murray Rule: 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 sheet on the date of dissolution of the firm.

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