Which of the following has a priority in case of payment at the time of dissolution
Answers
Answered by
5
On dissolution of firm, when assets are distributed, liabilities are disposed in a proper order wherein payment to third party debt is on priority, followed by amount due to partners and in the end the residual amount is divided amongst the partners in profit sharing ratio...
Answered by
0
Answer:
On dissolution of firm, when assets are distributed, liabilities are disposed in a proper order wherein payment to third party debt is on priority, followed by amount due to partners and in the end the residual amount is divided amongst the partners in profit sharing ratio.
hii please mark my answer as brainlist
Similar questions
English,
3 months ago
Social Sciences,
3 months ago
Social Sciences,
3 months ago
Economy,
6 months ago
Social Sciences,
10 months ago
History,
10 months ago