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Question

If all or all but one of the partners of the firm becomes insolvent then the company is a case of ___________


A

Capital ratio

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B

Profit Sharing ratio

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C

Final Claims Ratio

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D

Maximum Loss Ratio

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Solution

The correct option is A

Capital ratio


If all or all but one of the partners of the firm becomes insolvent then the company is a case of dissolution of firm


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