Amount advanced by partner over and above the capital is paid
A) Before paying outside debts
B) After paying outside debts
C) Along with outside debts
D) Last along with capital
Correct Answer:
Verified
Q11: In the case of dissolution of the
Q12: A partnership which can be dissolved at
Q13: Liabilities to third parties are paid -------------
A)First
B)Second
C)Third
D)Lastly
Q14: The ------ has distinguished the 'dissolution of
Q15: Dissolution of a firm leads to
A)Continuing of
Q17: The nominal account prepared to close the
Q18: Realization account is closed by transfer of
Q19: Realization account Dr. To partner's capital a/c;
Q20: Realization account Dr. To asset a/c, this
Q21: Find the odd one
A)Retirement of a partner
B)Death
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