Question

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

Answer 1

Explanation:

If a company goes into liquidation, all of its assets are distributed to its creditors. Secured creditors are first in line. Next are unsecured creditors, including employees who are owed money. Stockholders are paid last.Out of sale proceeds received from the sale of sundry asset first of all payment will be made Creditors liabilities.

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