kiaarviz2051 kiaarviz2051

29-05-2024
Business

Answered

When is a partnership considered to be insolvent?
I. When the total of all partners' capital accounts results in a debit balance.
II. When at least one of the partners is personally insolvent.
A. I only
B. II only
C. Both I and II
D. Neither I nor II

Answer :

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