The proceeds from the sale of assets along with the contribution of partners at the time of dissolution of a firm are first used to pay off

Question 1

The proceeds from the sale of assets along with the contribution of partners at the time of dissolution of a firm are first used to pay off

(A) Partner's Capital

(C) External Liabilities

(B) Partners additional capital

(D) Partners loan to the firm

Question 2

Correct answer is (C) External Liabilities

The proceeds from the sale of assets along with the contribution of partners at the time of dissolution of a firm are first used to pay off External Liabilities.

abhinav · Answer 1 · 2022-09-26T01:54:51+0000

Correct answer is (C) External Liabilities

The proceeds from the sale of assets along with the contribution of partners at the time of dissolution of a firm are first used to pay off External Liabilities.

The proceeds from the sale of assets along with the contribution of partners at the time of dissolution of a firm are first used to pay off

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