Accountancy, asked by tamannajoshi14, 5 months ago

how deficiency of creditors is paid off the time of dissolution of firm
plz give me answer it's really important ​

Answers

Answered by ridahussain86
5

Losses including deficiencies of capital shall be first paid out from the profits, next from the capital, and if necessary, by the personal contribution of partners in their profit-sharing ratio.

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