Question

Salaries and wages payable by the firm as on
date of dissolution is treated as​

Answer 1

Answer:

Realisation loss is transferred to Capital Account. 2. The cash available in the firm and received from private estate of the partners is paid to Creditors, after meeting the realisation expenses, if any. The unpaid balance will be transferred to Deficiency Account.

Explanation:

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Answer 2

Answer:

as preferential creditors