Accountancy, asked by santoshitingre5555, 11 months ago

what is maximum loss method​

Answers

Answered by pranatipanda12345
0

Explanation:

Maximum Loss Method:

The other method to deal with the problem is to calculate the maximum possible loss after outside creditors and partners' loans have been paid off. This loss is transferred to the capitals and thus the amount payable to a partner would be known.

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