SOLUTION
In the absence of provision in the Partnership Deed, deficiency arising out of guarantee of profit to a partner is borne by the other partners in their old profit-sharing ratio.
In the absence of provision in the Partnership Deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the other partners? (CBSE 2019)
- Post category:Accountancy
- Reading time:1 mins read