Partnership

Aakansha Ranjan (Student) (193 Points)

17 October 2013  

When Garner vs Murray rule is not follow in the partnership firm then in what way the deficiency of insolvent partner borne by the solvent partners ?? Whether is it borne by "Profit sharing ratio" or "Capital ratio" ?

I have got into this problem when two similar kind of question solved in two different way. One question solved by Profit Sharing Ratio and another one by Capital Ratio. What is the correct method to follow?