Question 0

On partnership dissolution, if a partner's capital account has a debit balance and the partnr is insolvent, the deficiency will, in accordance with the decision of the case of Garner v Murray, be

  • A.borne by all the partners
  • B.borne by the insolvent partner
  • C.written off
  • D.borne by the solvent partners
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1997
Question no.
#0
Type
Objective

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