Accounting · Dissolution of Partnership and Garner vs Murray Rule
As per the Garner vs Murray rule, the loss arising due to the insolvency of a partner should be borne by the solvent partners in their:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sacrificing Ratio
- 2Old Profit Sharing Ratio
- 3Capital Ratio standing just prior to dissolution✓
- 4Equal Profit Sharing Ratio
Correct answer
Capital Ratio standing just prior to dissolution
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