Define inheritance.

+1 vote

asked Oct 19, 2018 in Class 12 by kratos

Define inheritance.

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+5 votes

answered Mar 8, 2021 by kratos

Best answer

Inheritance is the process by which objects can acquire the properties of objects of other class.

In which circumstances compulsory dissolution is happen?
A, B and C’s profit sharing ratio is 1 : 2 : 2. Before debiting realization loss partners capital account balance are Rs 3,000 (Dr.),
”There is a difference between dissolution of partnership and partnership firm.” Explain this statement.
Explain Garner V/S Murray rule.
At the time of dissolution of the firm, partners capital Rs 20,000, liabilities Rs 15,000 and cash balance

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