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Defficency of insolvent of partner

This query is : Resolved 

09 April 2013 Sir I hav a doubt regerding insolvency of partner.
Defficiency of insolvent partner should bear by solvent partners who have a cr balance in adjusted capital ratio.but in my practice manual ipcc group 2 it takes sometimes capital ratio,some times adjusted cap ratio when why? Please resolve my qstn plz

30 May 2013 If the firm is maintaining two accounts one is capital account and other is current account then first all the capital is to be adjusted in profit sharing ratio and then the deficiency of the insolvent partner is to be adjusted in the capital sharing ratio.


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