Question

Sale proceeds of Sundry Assets will be paid first of all​

Answer 1

Answer:

yes sale proceeds of Sunday aseets will be paid First of all

Answer 2

Sale proceeds of Sundry Assets will be paid first of all​  as Creditors liabilities.

• Sundry assets, also referred to as other current assets OCA, are rare or insignificant value objects that a business holds.
• These include a piece of unimproved land or minimal cash. In its financial statement footnotes, a company can list and identify these properties.
• The sale proceeds of such assets is treated as Creditors liabilities. Creditors are the business entity's liability, and with the reimbursement made to them, liability for certain creditors decreases.