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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?
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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)
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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.
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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?
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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?.
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