Loss on realization is distributed among partners:
A)according to profit and loss ratio
B)according to capital ratio
C)as decided among them
D)none of above

Name: Loss on realization is distributed among partners: A)according to profit and loss ratio B)according to capital ratio C)as decided among them D)none of above
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Loss on realization is distributed among partners according to their profit and loss sharing ratio, as this ratio reflects their agreement on how profits and losses should be shared.

Loss on Realization Is Distributed Among Partners