If there is Debit balance of any one partner's capital account the same will be distributed amongst the remaining partners | Faculties

M

Mr. Dubey

🎓 Coach ⭐ 103.11K Points

📊 Financial Accounts

Q. If there is Debit balance of any one partner's capital account the same will be distributed amongst the remaining partners

(A) As per the ratio of capital
(B) As per their Profit and Loss sharing ratio
(C) Nil (will not be distributed)
(D) None of the above

💬 Discuss

✅ Correct Answer: (B) As per their Profit and Loss sharing ratio

You must be Logged in to update hint/solution

💬 Discussion

📊 Question Analytics

👁️

61

Total Visits

📽️

2 y ago

Published

🎖️

Mr. Dubey

Publisher

📈

83%

Success Rate