Practicing Success
On dissolution of a firm, out of the proceeds received from the sale of assets will be paid first of all to whom? |
Partner's Capital Partner's Loan to Firm Partner's additional capital Outside Creditors |
Outside Creditors |
On dissolution of a firm, out of the proceeds received from the sale of assets will be paid first of all to third party debts and the outside creditors is third party debt to which a partnership firm has to pay. |