Answered step by step
Verified Expert Solution
Question
1 Approved Answer
48. In the absence of any contract to the contrary, profit on dissolution of a partnership firm is credited to the partner's capital accounts: A.
48. In the absence of any contract to the contrary, profit on dissolution of a partnership firm is credited to the partner's capital accounts: A. In the ratio of their capitals just before dissolution B. In the ratio of their capitals as originally contributed by them C. In their profit sharing ratio D. None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started