CameraIcon

SearchIcon

MyQuestionIcon

5

You visited us 5 times! Enjoying our articles? Unlock Full Access!

Adjustment in Partner's Capital A/c (Retirement)

Objective typ...

Question

Objective type Questions.
Answer in one Sentence only.

Who should bear the capital deficiency of an insolvent partner?

Open in App

Solution

The capital deficiency of an insolvent partner is borne by all other solvent partners in their profit-sharing ratio.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Objective Type Question :
Answer in one Sentence only :

What is authorised capital?

Q. Objective Type Question :
Answer in one Sentence only :

State the meaning of issued capital.

Q. Objective type questions :-
Answer in one sentence only.

What are the methods of maintaining partners’ capital accounts?

Q. Objective Type Question :
Answer in one Sentence only :

What do you mean by reserve capital?

Q. Objective Type Question :
Answer in one Sentence only :

Write the meaning of equity share capital.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Retirement of a Partner - II

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Adjustment in Partner's Capital A/c (Retirement)

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon