Who is an executor?

+1 vote

asked Feb 17, 2018 in Class 12 by kratos

Who is an executor?

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+4 votes

answered Aug 23, 2020 by kratos

Best answer

Executors are the legal representatives of a deceased partner in a partnership firm.

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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