Multiple Choice
Loss on realization is distributed among partners:
A) according to profit and loss ratio
B) according to capital ratio
C) as decided among them
D) none of above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: A is drawing Rs. 500 regularly on
Q16: Loss on realization is:<br>A)debited to partners capital
Q17: If no provision is made in agreement
Q18: When all partners are insolvent creditors will
Q19: When a partner dies, firm will receive
Q20: A person who receives a share of
Q21: Every partner has a right to be
Q23: The persons who have entered into a
Q24: A credit balance on a partner's current
Q25: At the time of dissolution non -