Question

Consider the following statements:
A) In piecemeal distribution of cash, Contribution to Provident Fund payable by a firm as on the date of dissolution is treated as preferential liability.
B) In piecemeal distribution of cash, Excess Capital Method is also termed as Notional Loss Method.
C) In piecemeal distribution of cash, if the cash realised from the sale of assets is insufficient to pay off partner’s loans completely, then the available cash will be distributed in the profit-sharing ratio for the settlement of partner's loans.
Which of the above statement or statements is/are correct?

Answer 1

Answer:

what are you even trying say