Define Deflationary Gap.

+1 vote

asked Feb 22, 2019 in Class 12 by kratos

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+6 votes

answered Aug 19, 2020 by kratos

Best answer

Deflationary Gap refers to a situation when AD falls short of AS at full employment.

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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