CA Foundation Exam > CA Foundation Questions > The loss arising out of partner’s insol...
Start Learning for Free
The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:
- a)All the Partner’s equally
- b)Solvent partners in capital ratio
- c)All the partners in profit & Loss sharing ratio
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
The loss arising out of partner’s insolvency shall be borne by _...
Upon the insolvency of a partner, we divide his deficiency amongst the other solvent partners in capital ratio.
The journal entry passed will be
Solvent partners cap a/c dr (cap ratio)
To Insolvent partners cap ac (deficiency amt)
The journal entry passed will be
Solvent partners cap a/c dr (cap ratio)
To Insolvent partners cap ac (deficiency amt)
Free Test
FREE
| Start Free Test |
Community Answer
The loss arising out of partner’s insolvency shall be borne by _...
The loss arising out of a partner can refer to the financial or other negative impact that occurs as a result of a partner's actions, decisions, or departure from a business or partnership. This loss can include financial losses, reputational damage, loss of resources or expertise, disruption to operations, or loss of clients or customers. It can also refer to the loss of trust or confidence in the partnership, which can have long-lasting effects on the business. Overall, the loss arising out of a partner can have significant consequences for a business and may require strategic planning and action to mitigate the impact and recover from the loss.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The loss arising out of partner’s insolvency shall be borne by _________according to Gamer Vs. Murray case:a)All the Partner’s equallyb)Solvent partners in capital ratioc)All the partners in profit & Loss sharing ratiod)None of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup