Upon dissolution which is the proper order for application of the firm's assets?
1. Payment of Partner's Loan
II In paying the debts of the firm to third parties.
III. Distribution of Surplus to partners in profit sharing ratio a
IV. Payment of Partners capital
Answers
Answered by
8
Answer:
Hey mate...here is your ans....
The proper order is ||, |, |V, |||.
Hope it helps you mate....
Answered by
0
Answer:
Upon dissolution which i
Similar questions