Examveda
Examveda

Where at the stage of refund of capital to partners, it is found that the assets are not sufficient to repay each partner his capital in full, then the deficiency will have to be made by the partners in

A. Capital contribution/sharing ratio

B. Profit sharing ratio

C. Equal proportion

D. Either (A) or (B) or (C)

Answer: Option B


This Question Belongs to Law >> Indian Partnership Act

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