Accounts - Principles of Accounts
JAMB 1997
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
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A.
borne by all the partners
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B.
borne by the insolvent partner
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C.
written off
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D.
borne by the solvent partners
Correct Answer: Option A
Explanation
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