Commerce Short Question | Gkseries

Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

When a firm is dissolved, profit or loss on realisation is shared by the partners

A Equal
B In the ratio of their capital balances
C In the profit sharing ratio
D In the ratio laid down in Garner Vs. Murray

Answer & Explanation

Answer:In the profit sharing ratio

Advertisement
Article and Schedule Quiz Start Test!
DOWNLOAD CURRENT AFFAIRS PDF FROM APP
Assam Direct Recruitment Test Series

Teacher Eligibility Test

Assam Direct Recruitment Test Series