Adv account. Partnership
Why in this sum deficiency of partner capital of C and D is debited to A and B IN their capital ratio Instead of profit sharing ratio when garner Murray rule not mentioned
Answers (3)
If there is no agreement between the partners, Garner vs Murray rule is applied by default even if the question is silent.
Suraj Lakhotia
Admin
20-Feb-20 06:17
If that's the case why not cash is not brought for the loss on realisation